SW FLORIDA RENT VACANCIES AT 10 YEAR HIGHS!

SW FLORIDA RENT VACANCIES AT 10 YEAR HIGHS!

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The rental market in Southwest Florida is in the midst of an inventory explosion that isn’t set to slow down anytime soon. New reports show that the area is now seeing double digit vacancy rates with even more units planned to come online in the coming months.

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The landlord investor landscape is looking dire as not only are rents falling, but yet another state has thrown Short term (Airbnb) restrictions on the table.

Today we will take a look at some astonishing stats regarding renting trends and build rates that show it's not just Southwest Florida in the crosshairs for rental housing.

Article Links:
1- https://www.realpage.com/analytics/markets-most-impacted-by-apartment-construction/
2- https://www.realpage.com/news/realpage-unveils-new-multifamily-rental-trends/
3- https://www.realpage.com/analytics/multifamily-permits-starts-decline/
4- https://finance.yahoo.com/news/situation-dire-nearly-two-thirds-130000246.html
5- https://coloradosun.com/2023/11/01/short-term-rental-legislation-raises-property-taxes/

👇 Let me know your thoughts in the comments below 👇

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Ben Grieco
Call/Text: 845-674-5290
Email: [email protected]
SL# 3330499

Coldwell Banker Sunstar Realty
19700 Cochran Blvd, Port Charlotte Fl, 33948

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Neither Ben Grieco nor his company is representing you unless you have a written representation agreement. This is not an advertisement for a property for sale, and if you're currently represented by another Real Estate Brokerage, this is not an attempt to solicit your representation.


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