The Tampa apartment market vacancy rate closed 2017 at just 4.5%, a gain of 40 basis points for the year following 2016Â’s 30-basis-points increase. The fourth quarter alone, meanwhile, saw 952 units deliver and 1,112 absorbed net as the vacancy rate shed 10 basis points. Although slowing somewhat in 2017, rates of rent growth remained substantial. At $1,065 and $1,014 per month, fourth quarter asking and effective averages were up 4.6% and 3.6% for the year following increases of 5.1% for both in 2016Â—after similarly strong growth rates in 2015. Gains for the fourth quarter alone were 0.7%. Data for the market as a whole for January 2018 show no new construction completions and negligible net absorption, an essentially flat vacancy curve, and growth rates of 0.5% for both average rents.