The Central Florida industrial market posted approximately 142,596 SF of positive net absorption in Q3 2025, bringing year-to-date absorption to roughly 2.6 million SF. Vacancy rose 24 basis points to 7.92%, driven primarily by increasing sublease availability despite positive absorption in direct space. Average asking rents edged down slightly by $0.11 to $9.82 per SF, reflecting a market that has, for now, leveled off.
While overall leasing activity remained relatively steady, deal volume continued to lean toward smaller transactions. A total of 72 new leases were executed in Q3, with 31% falling in the 10,000–50,000 SF range and 6% between 50,000–100,000 SF. The majority of deals (63%) were for spaces under 10,000 SF, though this segment collectively recorded a slight negative absorption of (42,510) SF, reflecting more small spaces being vacated than leased.
There was a total of $154 million in sales transactions this quarter including IOS and some outlier user sales.