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Retail Property Sales, Construction Rocking and Rolling

ORLANDO-With a low 9% vacancy rate out of 3.9 million square feet of new product in the last 12 months, the metropolitan area shows no signs of a slowdown, either in sales, leasing or land prices.

By Alex Finkelstein | Updated on August 02, 2000

If metro Orlando’s retail product were on the big board, it would be a ‘buy now,’ say industry watchers.

A total 7.8 million sf of new space is either proposed or under construction. On the drawing boards is another 2.5 million sf. A total 3.9 million sf came on line in the last 12 months. And the average vacancy rate of 9% is one of the lowest in the state.

“Orlando continues to exhibit strong population and employment growth, translating to an increase in demand for retail products and services,” Real Estate Specialists Inc. president Alan Charron tells GlobeSt.com.

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