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Apartment Occupancy at 90.7%

ORLANDO-Slower construction of new product is a factor in the improved renting performance at metro Orlando's 139,000 multifamily units, according to a six-month study by Charles Wayne Consulting of suburban Maitland, FL.

By Alex Finkelstein | Updated on October 28, 2002

ORLANDO-Metro Orlando’s 139,000 multifamily units are showing a 90.7% occupancy level, the best this year, according to a new six-month study by Charles Wayne Consulting of suburban Maitland, FL.

Slower construction of new product is a factor in the improved renting performance, the study finds. The March occupancy level of 89.3% was the weakest showing since March 1992.

But the new occupancy mark could change over the next six months as 55 projects totaling 17,000 new units near completion. About 5,000 new units were under construction in September.

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