NEWS

  The Central Florida industrial market closed 2025 in a stronger position than 2024. The market has entered a period of “normalization” following several years of elevated activity after COVID, followed by a down 2024 year. At the end of 2025, the market recorded 2,356,826 square feet of positive net absorption, despite negative absorption (239,994 SF) in Q4 that was driven primarily by a small number of large tenant move-outs rather than broad-based weakness.  On…

1.22.26 For Immediate Release   ORLANDO, FL – The Central Florida office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm, is pleased to report that it closed 2.9 million SF of commercial transactions during the 4th quarter of 2025. Some notable deals to report: William “Bo” Bradford, CCIM, SIOR, President & Tim Perry, CCIM, SIOR, Senior Vice President represented Prologis in the renewal of 116,820 SF of industrial space in Orlando,…

  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…

INDUSTRIAL OVERVIEW MARKETS AWAIT TARIFF CLARITY Net absorption of industrial space increased in the third quarter across North America but demand was weak and failed again to keep pace with the supply of new buildings, while tenant growth remained hobbled by tariff concerns and interest rates. In the United States, following 8.1 million SF of negative absorption in the first half, third-quarter tenant growth totaled 31 million SF. That was off 41% from a year…

10.16.25 For Immediate Release   October 16, 2025 (Orlando, FL) –LEE & ASSOCIATES COMPLETES OVER 1.7 MILLION SQ FT OF COMMERCIAL REAL ESTATE TRANSACTIONS VALUED AT $65 MILLION DURING THE 2nd QUARTER OF 2025 ORLANDO, FL – July 21, 2025—The Central Florida office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm, is making consistent progress in 2025 and is pleased to report that it closed over 1.7 million SF of commercial…

  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…

7.22.25 For Immediate Release    July 22, 2025 (Orlando, FL) –LEE & ASSOCIATES COMPLETES OVER 1.8 MILLION SQ FT OF COMMERCIAL REAL ESTATE TRANSACTIONS VALUED AT $77 MILLION DURING THE 2nd QUARTER OF 2025 The Central Florida office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm, is making consistent progress in 2025 and is pleased to report that it closed over 1.8 million SF of commercial transactions during the 2nd quarter…

  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…

4.17.25 For Immediate Release    April 17, 2025 (Orlando, FL) –LEE & ASSOCIATES COMPLETES OVER 1.9 MILLION SQ FT OF COMMERCIAL REAL ESTATE TRANSACTIONS VALUED AT $128 MILLION DURING THE 1st QUARTER OF 2025 ORLANDO, FL – April 17, 2025—The Central Florida office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm, is off to a fast start in 2025 and is pleased to report that it closed over 2.7 million SF…