ORLANDO—Tampa multifamily vacancy rate will slip 30 basis points in 2015 to 4.9% on the back of net absorption of more than 5,000 units. Tenants also moved into 5,000 rentals last year, slicing the vacancy rate 60 basis points. That’s according to Marcus & Millichap.

Projects containing 5,000 apartments will come online in 2015, outpacing last year’s production of approximately 4,100 units, M&M reports. And nearly 2,100 multifamily rentals will be placed in service in Pinellas County this year, an increase from 1,900 units during 2014. 

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