Why Orlando

Industrial Market Snapshot Q1 2025

Submarket Spotlight 13.6 MSF Manufacturing 12.3 MSF Office Services/Flex 100.3 MSF Warehouse/Distribution

SUPPLY & DEMAND

12.0M

10.0M

8.0M

6.0M

4.0M

2.0M

0.0M

AIRPORT / LAKE NONA

−2.0M

2020

2021

2022

2023

2024

2025 YTD

24.3 MSF Inventory

8.1% Direct Vacancy

$10.49 Direct Rent (NNN PSF)

Leasing Activity

Construction Completions

Overall Absorption

LAKE MARY / SANFORD

9.1 MSF Inventory

7.4% Direct Vacancy

$9.03 Direct Rent (NNN PSF)

DIRECT RENTAL & VACANCY RATES

ORLANDO CENTRAL PARK

$ 12

8 %

$ 10

22.2 MSF Inventory

4.1% Direct Vacancy

$9.57 Direct Rent (NNN PSF)

$ 8

6 %

$ 6

4 %

REGENCY / TURNPIKE

$ 4

2 %

18.1 MSF Inventory

2.1% Direct Vacancy

$10.89 Direct Rent (NNN PSF)

$ 2

$ 0

0 %

1Q20

1Q21

1Q22

1Q23

1Q24

1Q25

SILVER STAR / APOPKA

Direct Rental Rate

Overall Vacancy

22.1 MSF Inventory

19.1% Direct Vacancy

$7.59 Direct Rent (NNN PSF)

Cushman & Wakefield | Why Orlando