Market Reports

  The Central Florida industrial market posted 1.73 million SF of positive net absorption in Q2 2025, bringing vacancy down to 7.69% and pushing average asking rents to a high $9.93 PSF. While these headline numbers signal strength, nearly 70% of net absorption stemmed from a single 1.2 million SF lease, masking weaker activity among smaller tenants. While in some instances demand seems to be waning on smaller spaces, smaller spaces between 10,000 to 50,000…

  As we enter 2025, the industrial market remains resilient despite the trends reflected in our latest statistics. In our prior reports, we anticipated that vacancy rates would continue their upward trend while rental rates would hold steady. This quarter’s data has confirmed both expectations, with the total market vacancy rising to 8.65% and rental rates maintaining their strength across most property types. The market absorbed 803,399 SF this quarter, a sharp rebound from the…

  As we conclude 2024, the sentiment among our peer group is that the industrial business is still good despite the market statistics we are reporting. In our first quarter report, we had predicted the vacancy rate to increase and rents to remain stable despite delivering another 3.49M SF. Both proved to be true. Rental rates grew, and our vacancy rate was up 265 basis points. We also opined that the economy was facing strong…

  The market experienced the lowest quarterly absorption since Q3 of 2012 with 13,776 SF of negative absorption.  What is noteworthy regarding Q3 of 2012 was also right before a presidential election. Thereafter, the market achieved new heights. Whether or not that will be the case here is to be determined, but we do maintain a positive outlook on Q4 with several deals we are tracking expected to get signed in Q4, improving absorption. The…