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It’s tempting to look at this list and think: Well, demand must be strong in the markets where rents are growing, and demand must be weak in the markets where rents are falling. But…

This article and research by Jay Parsons highlights one of the most interesting articles I’ve read in the recent past. Click Here <— for the complete story and others from Mr. Parsons who is a leading researcher and housing analyst.

What if I told you that the Top 15 markets CUTTING rents collectively had 2x the absorption of the Top 15 markets INCREASING rents?

That’s a real stat. It’s a good reminder this isn’t about demand-side weakness.

It’s about supply.

For the Top 15 markets INCREASING rents, the median supply growth rate was just 0.6% last year.

For the Top 15 markets CUTTING rents, the median supply growth rate was 5.1% last year. (And fyi, 5.1% is a lot!)

It’s STILL all about supply. Absorption has been well above normal in most of these markets, but just not enough to keep pace with multi-decade highs in supply.

Of course, I understand there are legit questions today about the job market and how that’s impacting demand. That could become more of a factor this year if the labor market doesn’t find momentum. But that’s not the common denominator in these trends right now between where rents are falling versus rising — at least not yet.

Additionally, most of these markets will see supply levels significantly plunge in 2026-27. And as that happens, if macro demand trends remain even moderately decent, higher-demand markets should rebound as supply wanes.

Any surprises on the list?

#apartments #rents #rentalhousing #sarasota #fortmyers #naples #tampa

5 out of 15 top markets for rent CUTS are in Florida and 4 of them are on the Gulf Coast!!

If you need some guidance or we can be of service for your multifamily or commercial investments, let’s connect.

Dreznin Pappas Commercial Real Estate LLC

Sean Dreznin

TritonCRE@gmail.com.

941.961.8199