X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Orlando’s apartment market continues to struggle, with vacancy rates still rising and rents falling, according to Marcus & Millichap’s Market Update on the apartment market for the first quarter 2010.

A number of trends keep the downward momentum going in the Orlando apartment market. Declines in hospitality and leisure employment have negatively impacted Class B and C product, while tenant demand for Class A product has remained relatively strong. Five of Orlando’s 11 submarkets posted vacancy rates of less than 10% in first quarter 2010, though the lower rates may have been achieved through concessions. Still, the fact that there are still many foreclosures in the pipeline, fuels demand for rental apartments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.