Orlando industrial real estate market reports
Q3 2024
In August, Orlando’s unemployment rate stood at 3.6%—up 30 basis points year over year, yet still below the national average of 4.2%. Total nonfarm employment has risen 1.6% over the past year, with the construction sector seeing a robust 6.9% increase, while employment in trade, transportation, and utilities grew by 1.1%.
$10.86 psf
Asking rates
Industrial asking rates continue to experience strong growth—up 7.6% year over year to $10.86 per square foot NNN.
-17.1%
Leasing activity
Leasing activity in Orlando totaled just over 5.4 million square feet at the end of the third quarter, trailing last year’s levels by 17%.
3.8 msf
Deliveries
The industrial development pipeline in Orlando continues its strong momentum, with 3.8 million square feet delivered so far this year.
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