Orlando Multifamily Market Report

Peak completions in rearview amid rapid population expansion. Orlando recorded a historic surge of supply additions during 2024, with inventory expanding by 5.2 percent — one of the 10 highest growth rates among major U.S. metros. This wave of deliveries was heavily focused on the southwestern suburban fringe. Additions in submarkets like Kissimmee-Osceola County, South Orange County and Ocoee-Winter Garden-Clermont greatly exceeded those in the urban core. Completions began to slow in the first quarter, however, with the 2025 tally projected to be less than half of last year’s figure. Meanwhile, the metro’s robust population growth lead to annual household formation reaching its highest point since 2006, outpacing all other major markets in the nation.