QUARTER LEE NOTE Opening 2026, the market posted negative 49,274 SF of net absorption. This marks the second quarter in a row of negative net absorption. The headline, at first glance, appears concerning; however, a closer review shows it was largely driven by two significant give-backs, both of which were in South Orlando. Excluding these transactions, the market would have posted 270,000 SF of positive net absorption for Q1. Vacancy rates increased 87 basis points…
