Orlando industrial real estate market reports

Q3 2021

Orlando’s industrial market remains strong, fueled by healthy leasing fundamentals, an active speculative development pipeline, and growth within the critical areas of transportation and logistics. Investment activity is heated with investors chasing an ever-dwindling number of opportunities while development pushes toward the market’s periphery.

5.0%

Economic conditions

Orlando’s current unemployment rate, which has been falling steadily and is down 2300 basis points from the height of the pandemic. The biggest gain in industrial jobs over the trailing 12-month period has been within the transportation, trade and utilities sector.

77%

Recovery rate

The percentage of jobs the state of Florida recovered during the pandemic as of August 2021, totaling 974,000 in number.

81.6%

Industrial demand

The amount of leasing activity recorded so far during 2021 compared to all leasing volume during 2020. Three large leases alone accounted for nearly 800,000 sf of leasing activity during Q3 2021 and total volume is expected to grow through the end of the year.

3.5M

Industrial supply

The total amount of square footage under construction in Orlando. Exeter Property Group is working to obtain final approvals for a 1.2 million-sf distribution development on a 91-acre site in Northwest Orlando, one of the largest planned projects in Central Florida.

11.0%

Pricing trends

The increase in base rents since the start of the pandemic, which have generally remained on an upward trajectory for the last decade. Healthy demand and tightening leasing fundamentals are placing upward pressure on asking rents.

$0.6B

Capital markets

Total industrial investment volume in Orlando year-to-date. The recent sale of two newly delivered and 100% vacant distribution buildings in OCP Logistics Center for $51.6 million—or $127 per sf—is indicative of how heated the industrial market in Orlando has become.

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Your source for the latest Orlando industrial real estate reports

Stay on top of current trends affecting the industrial real estate sector in Orlando. Gain an overall better understanding of Orlando's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Orlando.

Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Orlando's industrial real estate market.

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