ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%

What are the construction costs for new multifamily in Orlando and how does it affect development economics?

Central Florida multifamily construction costs have increased substantially since 2020 and are now the primary constraint on new development feasibility in secondary locations. Basic garden-style runs $150–$180/SF in direct costs; luxury and hurricane-resilient runs $280–$450+/SF. Mid-rise (4–6 story) wood-frame, the dominant Live Local Act product type, runs $200–$260/SF in direct costs, plus site work ($15–$25/SF), soft costs (15–20% of hard costs), and financing carry during 18–24 month construction. Florida labor costs have increased +6.5% year-over-year. Material costs are also elevated: lumber +8.2%, drywall +6.2%, concrete +4.7%, steel +5.1%. The Turner Building Cost Index stands at 1510 in Q4 2025, +4.72% year-over-year. Live Local Act projects in high-rent submarkets (Lake Nona at $1,950+/month, Horizon West at $1,800+/month) are feasible. LLA projects in lower-rent submarkets (OBT at $1,450/month) require achieving the maximum density unlock to produce yield on cost above the 5.5% threshold that justifies construction risk.