Why Orlando - CW 2023 Q2-RFS

Retail Market Snapshot 154.0 MSF Total Retail

Q2 2023

SUPPLY & DEMAND

Product Type Spotlight

2M

4

1.5M

MALLS

1M

13.8 MSF Inventory

7.6% Overall Vacancy

$38.07 Overall Rent (NNN)

LAKE

SEMINOLE

500k

POWER CENTERS

0

2018

2019

2020

2021

2022

2023 YTD

10.5 MSF Inventory

3.9% Overall Vacancy

$28.23 Overall Rent (NNN)

ORANGE

Construction Completions

Direct Absorption

NEIGHBORHOOD CENTERS

47.1 MSF Inventory

5.7% Overall Vacancy

$26.53 Overall Rent (NNN)

OVERALL RENTAL & VACANCY RATES

4

OSCEOLA

STRIP CENTERS

$ 30

5 %

$ 25

9.3 MSF Inventory

2.8% Overall Vacancy

$26.17 Overall Rent (NNN)

4 %

$ 20

3 %

$ 15

GENERAL RETAIL

2 %

$ 10

1 %

69.9 MSF Inventory

2.0% Overall Vacancy

$34.96 Overall Rent (NNN)

$ 5

$ 0

0 %

2018

2019

2020

2021

2022

2023 YTD

OTHER

Overall Rental Rate

Overall Vacancy

3.4 MSF Inventory

1.6% Overall Vacancy

$27.80 Overall Rent (NNN)

Cushman & Wakefield | Why Orlando

CoStar Data Depicted