Fewer ‘for rent’ signs in Orlando

Fewer ‘for rent’ signs in Orlando

A survey shows 5,041 vacant apartments in Metro Orlando, the smallest total since 1998.

Finding a vacant apartment in Metro Orlando is harder now than at any time since 1998, as thousands of condo conversions and scarce construction have squeezed the vacancy rate to another record low.

“If you’re on the street looking for an apartment, you’re not going to find much,” said Jim Lewis, president of Charles Wayne Consulting Inc., a Maitland company that has tracked the market for nearly two decades. “You very well may end up on a waiting list.”