QUARTER LEE NOTE
The second quarter of 2026 marked a strong rebound for the Orlando industrial market, posting 996,347 SF of positive net absorption, the strongest quarterly performance since Q2 2025. This also increased rolling 12-month net absorption to approximately 850,000 SF, signaling improving market fundamentals following two consecutive quarters of negative absorption. While the quarter’s results were supported by several larger lease transactions, including a 330,000 SF lease in the Northwest submarket, positive absorption was broad-based across multiple submarkets and tenant size ranges.
Vacancy remains steady at 9.90%, buoyed by recent deliveries, though the recent demand suggest some of the supply will get leased up in relatively short order. Digging further into the data, leasing activity remained concentrated among smaller users, with spaces under 10,000 SF accounting for approximately 63% of all transactions.