Hurricane Milton wrecked havoc across Central Florida but fortunately the worst case scenario in terms of deaths and damages appear to have not materialized. As Floridians begin to clean up and recovery, Ethey can expect certain trends that had begun to manifest in the industry to continue.
Particularly, a recent JLL report analyzing the performance of the asset class in the third quarter for the Orlando market, noted that rents have remained "high" at $27.75 per square foot. The global real estate firm expects that trajectory to continue.
"Rent growth is expected to remain high over the next two years as activity continues to propel an upcycle in the market," JLL wrote.
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