Report: Cape Coral-Fort Myers leads the nation in rental vacancies

The study found the metro area had the highest number of home rentals that are vacant, metro Tampa was No. 20.

  • By Louis Llovio
  • | 12:00 p.m. June 5, 2024
  • | 0 Free Articles Remaining!
ECI Group bought the Longitude 81 Apartments in Estero and renamed it Waterline Estero.
ECI Group bought the Longitude 81 Apartments in Estero and renamed it Waterline Estero.
Courtesy photo
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The Cape Coral-Fort Myers metro market has the highest rental vacancy rate in the country.

That’s according to a new report from Construction Coverage, which found the rental vacancy rate for the area at 15.3%.

The report looked at the proportion of rental homes vacant in the 75 largest markets in the country then calculated the percentage of rental homes vacant in 2023.

 

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