Occupancy is at 95.3%, up from 93.7% at yearend 1999. A total5,600 units were delivered with about 3,460 getting rented.
The picture for the rest of the year doesn't get rosier."Although the long-term outlook for the market here is excellent, Iwouldn't be surprised if we dropped below 90% (occupancy) at theend of the year," Robert W. Miller, First Vice President of CBRichard Ellis' Multi-Housing Properties Group, tellsGlobeSt.com.
Despite the numbers, Miller feels "demand generally is as robustin Orlando as any city in the southeast due to the exceptional joband population growth."
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