Area on pace to set multifamily sales volume record

The resiliency of the multifamily market statewide, but particularly in Tampa, continues to defy the odds.

Fresh of the news the state needs more apartments, not fewer — according to an October report from the Florida Apartment Association, an Orlando-based trade group — comes this nugget, from data analytics firm CoStar: Tampa Bay has reached nearly $2.5 billion in apartment sales year-to-date through September, which puts the region on pace to break the record set in 2018, at $2.77 billion.