Orlando’s small industrial spaces gain ground as large leases hold the spotlight
- Leases for 50,000-square-foot buildings and above account for about 70% of activity year to date, continuing to dominate Orlando’s industrial market. But beneath that headline, a meaningful shift is underway.
- From 2020 to 2022, smaller leases (<50,000 square feet) made up an average of just 28% of activity. Over the last three years (2023 to 2025 YTD), that share has risen to 35%. This growing share is driven by local businesses and mom-and-pop users prioritizing speed, flexibility, and cost control. While these tenants typically occupy less space, their footprint is expanding as demand for mid-size buildings accelerates.
- Leasing volume alone doesn’t tell the full story, as small- to mid-sized assets—though still a smaller share of the market—are steadily gaining ground and helping rebalance a market long dominated by big-box development.
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