Central Florida's retail sector appears poised to continue the momentum after a strong 2024, according to a report from Colliers, which analyzed the performance of the asset class in Orlando.
Most notably, net absorption reached 467,339 square feet in the last three months of the year, a significant improvement from the negative territory of -268,616 square feet in the third quarter. The level is also nearly a six-fold increase from 12 months ago. The category was driven by the Northwest Orange and Kissimmee /St. Cloud submarkets, which positively absorbed 276,601 square feet and 148,045 square feet respectively.
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