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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