Effective Rent vs Stabilized Occupancy Rate 307,580 UNITS Across 1,072 Properties MULTIFAMILY MARKET SNAPSHOT - Q2 2026 EFFECTIVE RENT VS STABILIZED OCCUPANCY RATE
Absorption vs Completions
ABSORPTION VS COMPLETIONS
94.0%
$1,500 $1,700 $1,900 $2,100 $2,300 $2,500 $2,700
92.0% 92.5% 93.0% 93.5% 94.0% 94.5% 95.0% 95.5% 96.0% 96.5% 97.0% 97.5%
25,000
20,000
STABILIZED OCCUPANCY RATE Excludes Properties Still In Their Initial Lease-Up Period
15,000
10,000
5,000
0
ALMOST $30.0 BILLION In Sales Over The Past 5 Years
2020
2021
2022
2023
2024
2025 YTD 2026
2020
2021
2022
2023
2024
2025 YTD 2026
Effective Rent Per Unit
Stabilized Occupancy Rate
Construction Completions
Overall Net Absorption
OVER 26,500 UNITS Currently Under Construction
MARKET ASKING RENT PER UNIT BY BEDROOM Asking Rent 5-Year Increase Q1 2021 Rent
Studio
$2,160
17.8% $1,833
1 Bedroom 2 Bedroom 3 Bedroom
$2,296
18.2% $1,942 18.8% $2,309 18.5% $2,917
$2,742
$3,456
Source: CoStar
Cushman & Wakefield | Why South Florida
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