Why Orlando

Industrial Market Snapshot Q1 2024

Submarket Spotlight 13.2 MSF Manufacturing 12.2 MSF Office Services/Flex 96.2 MSF Warehouse/Distribution

SUPPLY & DEMAND

12.0M

10.0M

8.0M

6.0M

4.0M

2.0M

0.0M

AIRPORT / LAKE NONA

2019

2020

2021

2022

2023

2024 YTD

22.8 MSF Inventory

3.6% Direct Vacancy

$10.35 W/D Rent (NNN/SF)

Leasing Activity

Construction Completions

Overall Absorption

LAKE MARY / SANFORD

8.4 MSF Inventory

3.6% Direct Vacancy

$10.68 W/D Rent (NNN/SF)

DIRECT RENTAL & VACANCY RATES

ORLANDO CENTRAL PARK

$ 12

8 %

$ 10

22.0 MSF Inventory

3.0% Direct Vacancy

$13.62 W/D Rent (NNN/SF)

6 %

$ 8

$ 6

4 %

REGENCY / TURNPIKE

$ 4

2 %

17.9 MSF Inventory

2.8% Direct Vacancy

$8.77 W/D Rent (NNN/SF)

$ 2

$ 0

0 %

1Q19

1Q20

1Q21

1Q22

1Q23

1Q24

SILVER STAR / APOPKA

Direct Rental Rate

Direct Vacancy

21.6 MSF Inventory

18.6% Direct Vacancy

$7.49 W/D Rent (NNN/SF)

Cushman & Wakefield | Why Orlando

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