Maybe, says a new report from the Orlando office of CB Richard Ellis Inc. And maybe not, says a similar study from the Tampa-Orlando offices of Marcus & Millichap Real Estate Investment Brokerage Co.
In Orlando, Steven M. Ekovich, first vice president/regional manager, M&M's Tampa-Orlando offices, predicts new apartment construction will be down across the region; vacancy rates will climb moderately; concessions, including free rent, will increase; and new jobs will total only 26,000 or a 1% gain over the next 12 months.
That's the bad news.
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