From expansion to equilibrium: Orlando industrial positions for sustainable growth
- The Orlando industrial market is moving from peak expansion into a more deliberate, sustainable phase. From 2021 to 2023, over 16 million square feet delivered, lifting vacancy from a historic low of 3.4% to 8.2% in 2024. While the shift is notable, market fundamentals remain solid, rent growth is holding, and new construction is easing, with annual deliveries expected to stay below 3.3 million square feet through 2029.
- This is less a slowdown and more a recalibration. Developers are adjusting, tenants are becoming more selective, and vacancy appears to be stabilizing in the high-7% to low-8% range. With rent growth still trending above 6%, Orlando is entering a more balanced cycle—one better positioned for tenant-driven absorption and long-term, demand-aligned growth.
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