{"id":1165,"date":"2024-10-16T14:25:13","date_gmt":"2024-10-16T18:25:13","guid":{"rendered":"https:\/\/www.lee-associates.com\/centralflorida\/?p=1165"},"modified":"2025-07-29T15:40:48","modified_gmt":"2025-07-29T19:40:48","slug":"q3-2024-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/centralflorida\/2024\/10\/16\/q3-2024-market-report\/","title":{"rendered":"Q3 2024 Industrial Market Report"},"content":{"rendered":"

 <\/p>\n

The market experienced the lowest quarterly absorption since Q3 of 2012 with 13,776 SF of negative absorption.\u00a0 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.<\/span><\/p>\n

\"\"The negative absorption can be attributed to several large tenant move-outs which created a drag despite several larger new deals being completed.\u00a0 This resulted in an increase in the vacancy rate from 6.89% in Q2 to 7.52% in Q3.\u00a0 However, this is not necessarily a bad omen for the market.\u00a0 Our vacancy rates have been at historical lows, and most would agree our current vacancy rate is still healthy.Read More<\/strong><\/a><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  The market experienced the lowest quarterly absorption since Q3 of 2012 with 13,776 SF of negative absorption.\u00a0 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…<\/p>\n","protected":false},"author":117,"featured_media":1143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[59,56,60],"class_list":["post-1165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-reports","tag-central-florida-industrial-market-report","tag-industrial-market-report","tag-orange-seminole-county-market-report"],"yoast_head":"\nQ3 2024 Industrial Market Report - Central Florida<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/centralflorida\/2024\/10\/16\/q3-2024-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q3 2024 Industrial Market Report\" \/>\n<meta property=\"og:description\" content=\"  The market experienced the lowest quarterly absorption since Q3 of 2012 with 13,776 SF of negative absorption.\u00a0 What is noteworthy regarding Q3 of 2012 was also right before a presidential election. 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