Orlando industrial real estate market reports
Q1 2023
Orlando is experiencing an inventory shortage, which has resulted in a slowdown in leasing activity of 1.4 million square feet (msf) during the first quarter. Developers race to deliver new product to the market, as there is 6.1 msf under construction. Increased demand pushed vacancy rates to historic lows.
Leasing activity
Leasing demand has softened by 43% year-over-year due to availability shortages, with vacancy rates at historic lows.
Under construction
Large bomber warehouses are on the horizon with 3 msf of inventory over 250,000 square feet (sf) expected to deliver within the next two quarters.
Vacancy
Warehouses over 250,000 sf have reached a record low vacancy rate of 0.3% amid inventory shortages within this segment of the market.
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