{"id":4465,"date":"2022-08-10T13:49:10","date_gmt":"2022-08-10T13:49:10","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=4465"},"modified":"2023-09-13T08:59:14","modified_gmt":"2023-09-13T08:59:14","slug":"orlando-multifamily-market-report-july-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/","title":{"rendered":"Orlando Multifamily Market Report – July 2022"},"content":{"rendered":"\n

Strong Demand Supports Central Florida\u2019s Rental Market<\/strong><\/h2>\n\n\n\n

After two highly uncommon years\u2014one defined by steep losses and the other by unprecedented growth\u2014Orlando\u2019s rental market is one step closer to finding its footing. Rates grew by 1.2%<\/strong> on a trailing three-month basis through May, to $1,796, while the national average climbed to $1,680, up 1.0%. Backed by strong inmigration<\/a><\/strong>, the multifamily market is expected to remain healthy.<\/p>\n\n\n\n

All but one sector\u2014mining, logging and construction\u2014added jobs in the 12 months ending in March. Employment expanded by 8.2%<\/strong>, outperforming the U.S. rate by 350 basis points. Leisure and hospitality, Central Florida\u2019s economic backbone, accounted for half of the 114,000 positions added. Several infrastructure projects are expected to help accommodate the needs of the rebounding travel industry. The $2.7 billion, 170-mile extension of the Brightline rail route from West Palm Beach to Orlando is scheduled to be completed this year, while Orlando International Airport\u2019s $2.8 billion South Terminal C is expected to open in September.<\/p>\n\n\n\n

Developers had 21,744 units under construction as of May, but deliveries marked a slowdown<\/strong>. Meanwhile, investment activity remained elevated in the first five months of the year, with $2.5 billion in multifamily assets trading. Going forward, due to debt becoming more expensive as a result of the surge in interest rates, investors and lenders will most likely pay closer attention when underwriting new deals.<\/p>\n\n\n\n

Read the full Matrix Multifamily Orlando Report-July 2022<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Strong Demand Supports Central Florida\u2019s Rental Market After two highly uncommon years\u2014one defined by steep losses and the other by unprecedented growth\u2014Orlando\u2019s rental market is one step closer to finding its footing. Rates grew by 1.2% on a trailing three-month basis through May, to $1,796, while the national average climbed to $1,680, up 1.0%. Backed […]<\/p>\n","protected":false},"author":650,"featured_media":4466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[444,467],"class_list":["post-4465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2022","tag-orlando"],"yoast_head":"\nOrlando Multifamily Market Report - July 2022 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"After two highly uncommon years, Orlando\u2019s rental market is one step closer to finding its footing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orlando Multifamily Market Report - July 2022\" \/>\n<meta property=\"og:description\" content=\"After two highly uncommon years, Orlando\u2019s rental market is one step closer to finding its footing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-10T13:49:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T08:59:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/08\/Orlando-iStock-1368286105.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Calugar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Orlando Multifamily Market Report - July 2022 - Yardi Matrix Blog","description":"After two highly uncommon years, Orlando\u2019s rental market is one step closer to finding its footing.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/","og_locale":"en_US","og_type":"article","og_title":"Orlando Multifamily Market Report - July 2022","og_description":"After two highly uncommon years, Orlando\u2019s rental market is one step closer to finding its footing.","og_url":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-08-10T13:49:10+00:00","article_modified_time":"2023-09-13T08:59:14+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/08\/Orlando-iStock-1368286105.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Laura Calugar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Orlando Multifamily Market Report – July 2022","datePublished":"2022-08-10T13:49:10+00:00","dateModified":"2023-09-13T08:59:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/"},"wordCount":235,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/08\/Orlando-iStock-1368286105.jpg","keywords":["Multifamily Outlook 2022","Orlando"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/","url":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/","name":"Orlando Multifamily Market Report - July 2022 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/08\/Orlando-iStock-1368286105.jpg","datePublished":"2022-08-10T13:49:10+00:00","dateModified":"2023-09-13T08:59:14+00:00","description":"After two highly uncommon years, Orlando\u2019s rental market is one step closer to finding its footing.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/08\/Orlando-iStock-1368286105.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/08\/Orlando-iStock-1368286105.jpg","width":1200,"height":628,"caption":"Image by Kruck20\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/orlando-multifamily-market-report-july-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Orlando Multifamily Market Report – July 2022"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/08\/Orlando-iStock-1368286105.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/4465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=4465"}],"version-history":[{"count":5,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/4465\/revisions"}],"predecessor-version":[{"id":6360,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/4465\/revisions\/6360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/4466"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=4465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=4465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=4465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}