Orlando's industrial segment set records in 2020.
Orlando hit 7.3 million square feet leased in 2020, which was the most on record for a calendar year. It had 4.3 MSF of new inventory, which was also more than any year on record, according to Cushman & Wakefield. Additionally, it had 4.6 MSF in net absorption, which outpaced deliveries.
Overall, demand is outpacing supply in Orlando. In the last five years, 26.6 MSF of industrial property was leased in the market, according to C&W. New construction created almost 14.3 MSF of new space since 2015.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
