Orlando office demand leaders and laggards heading into the final months of 2024
Downtown Orlando struggling in 2024 with slowest pace of office demand in the market
To say that office demand in Orlando has been weak in 2024 would be an understatement. Total net absorption in the last 12 months, or the difference between move-ins and move-outs,...
Near-record industrial supply pipeline in Orlando occurring alongside near decade-low pace of demand
Another 1.6 million square feet coming by end of the year will push vacancy up another 50 basis points
Industrial demand has been slowing in multiple U.S. markets in the last year, even in high-growth Sun Belt markets like Charleston, South Carolina; Savannah, Georgia; and Atlanta. ...
Orlando office market on track to have worst year for demand in 25 years
Stronger leasing fundamentals still expected long-term
Orlando’s office market has certainly seen better years. The pace of rent growth has been trending downward as concessions have been on the rise, and the amount of vacant space has...
Where the 55 and up population is moving to in Florida might surprise you
Central Florida is capturing an outsized share of the growth
Florida has long been considered a top choice for those seeking a high quality of life in retirement, and not even a global pandemic could change that.
Retail investment sales nearly surpass multifamily trades in Orlando as deal volume falls to 10-year low
Stronger fundamentals expected in 2025
The past year has been a strong one for multifamily renter demand in Orlando, but that has not translated to a brisk pace of investment sales activity. In fact, sales of apartment ...
New restaurant openings in Orlando are up, but development challenges loom
Prohibitive new fees could curtail restaurant demand in Central Florida’s fastest-growing county
Orlando continues to attract an outsize share of interest from both established and new restaurant concepts, and there was a notable uptick in activity in the last year. More than ...
New hurdles for development in one of Orlando’s fastest-expanding areas
Osceola County has approved two new measures that could make it less attractive to developers
New apartment development has been rapid in the Orlando market since the beginning of the pandemic, with the total number of units growing by 50,585, or an inventory expansion of n...
Opposition grows to Florida Senate bill encouraging affordable housing development
City of Kissimmee becomes the latest to block access to tax incentives for developers
Florida’s appeal as a coveted place to live is clear, as evidenced by the roughly 1,000 new residents moving to the state each day. An outsized share of those relocating are settli...
Small-bay industrial properties in these Central Florida suburbs have availability rates below 3%
Fast growing suburbs in the Sunshine State Have Very Few Options for Small and Mid-Sized Tenants
According to the most recent Census Bureau data, Florida ranked among the top three states in the U.S. for population growth between mid-2022 and mid-2023 on both an absolute and p...
Office investment activity in Orlando is at 10-year low ahead of expected September rate cut
Marked uptick in broker opinion of value packages requested by potential sellers in 2024
To say that office investment activity has been slow in the last year is putting it mildly. The cumulative weight of elevated interest rates, weakening office demand, deteriorating...
Pace of Pandemic Era Multifamily Rent Growth in Florida Much Slower When Adjusted for Inflation
Palm Beach Still Leads the State, Five-Year Growth in Jacksonville Negative
The pandemic highlighted just how quickly things can change, particularly when it comes to the price of goods and services. But even in the inflationary environment that has existe...
Orlando’s Office Market Headed for the Trough in 2024
Potential for the First Year of Negative Demand in the Past Decade
All things considered, Orlando’s office market has been performing well, given the pressures that the broader U.S. market has been facing in the last four years. The amount of stru...
Orlando’s Once Overheated Development Pipeline Cooling Rapidly
Number of Units Under Construction Has Declined for Six Consecutive Quarters
A strong pace of in-migration to Orlando and the resulting increase in new household formation has fueled the multifamily market in recent years. However, that is beginning to chan...
Skyrocketing Insurance Costs in Florida Coming Back Down to Earth
Multifamily Investor Sentiment in Orlando Improving While Awaiting Fed Decision on Interest Rates
Skyrocketing insurance costs combined with elevated interest rates have hindered multifamily investment activity across Florida since the beginning of 2023. Many buyers have walked...
When It Comes to Demand for Office Space in Orlando, Building Age Matters
Buildings Completed Since 2019 See the Slowest Level of Leasing Activity
The U.S. office sector is navigating a protracted demand recovery, muted by a stagnating, if not downward, trend in space utilization and slowing employment growth. Orlando's offic...
Gap Between Stabilized and Overall Vacancy in Orlando is Growing
Competition Increasing from Newly Completed Projects
A resurgence in renter demand over the last nine months has helped to narrow the gap between supply and demand in Orlando. However, the market’s overall vacancy remains approximate...
Multifamily Investor Sentiment Not Reflected in Recent Transaction Volume
Investors Remain Bullish on Orlando Despite Sales Volume Declining by 60% in the Last Year
Central Florida remains a primary target for multifamily investors despite a recent trend of decelerating sales volume and a marked decline in the number of deals closed in the las...
Performance of Traditional and Medical Office Buildings Bifurcating in Orlando
Clear Divergence in Vacancy but Leasing Activity Remains Strong Across the Board
The last few years have been a constant seesaw for the Orlando office market, with wide swings in absorption, or the change in the number of occupied square feet, and steadily risi...
Industrial Demand Slowing in Orlando as Owners Re-Evaluate Plans To Subdivide Buildings
More Than 50% of Industrial Leasing During 2024 in Buildings 25,000 Square Feet and Smaller
While Orlando’s industrial market is in solid shape overall, it has been contending with a decelerating rate of leasing demand that is coinciding with a surge in new building compl...
Commercial Lease Tax in Florida Dropping by Nearly 50% June 1
The Drop from 4.5% to 2% Will Impact Office, Retail and Industrial Leases
Multiple obstacles to office demand have been affecting occupancies for the last year, but there is one potential tailwind that could help spur leasing activity.