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…
Q3 2024 Industrial Market Report
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…