Orlando’s Industrial Rents Continue To Rise As Vacancies Shrink

Avison Young’s newest Orlando Data Bite shows the city’s industrial rents continue to rise correlating with declining vacancy rates. Average triple-net lease rents have reached $10.77 per square foot, representing a 62.9% increase since 2019.

According to the firm’s recent second-quarter industrial market report, with 5.6 million square feet of new construction, asking rents are expected to continue an upward trend as tenant demand remains concentrated on newly delivered product.