Why Orlando

Retail Market Snapshot 157.7 MSF Total Retail

Q1 2024

SUPPLY & DEMAND

Product Type Spotlight

3M

4

2.5M

MALLS

2M

1.5M

14.2 MSF Inventory

4.5% Overall Vacancy

$38.88 Overall Rent (NNN)

LAKE

1M

SEMINOLE

500k

POWER CENTERS

0

2019

2020

2021

2022

2023

2024 YTD

10.6 MSF Inventory

3.3% Overall Vacancy

$29.96 Overall Rent (NNN)

ORANGE

Construction Completions

Overall Net Absorption

NEIGHBORHOOD CENTERS

47.2 MSF Inventory

4.9% Overall Vacancy

$27.44 Overall Rent (NNN)

DIRECT RENTAL & VACANCY RATES

4

OSCEOLA

STRIP CENTERS

$ 30

7 %

6 %

$ 25

9.4 MSF Inventory

3.0% Overall Vacancy

$27.28 Overall Rent (NNN)

5 %

$ 20

4 %

$ 15

3 %

GENERAL RETAIL

$ 10

2 %

72.7 MSF Inventory

2.0% Overall Vacancy

$27.74 Overall Rent (NNN)

$ 5

1 %

$ 0

0 %

2019

2020

2021

2022

2023

2024 YTD

OTHER

Direct Rental Rate

Direct Vacancy

3.4 MSF Inventory

1.8% Overall Vacancy

$37.68 Overall Rent (NNN)

Cushman & Wakefield | Why Orlando

CoStar Data Depicted