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…
Q3 2025 North America Market Report
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…
3rd Quarter 2025 Transactions
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…
Q2 2025 Industrial Market Report
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…
2nd Quarter 2025 Transactions
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…
Q1 2025 Industrial Market Report
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…
1st Quarter 2025 Transactions
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…
Q4 2024 Industrial Market Report
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…