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.
Vacancies continued to fall from five percent at the end of 2023 to 4.2 percent in the following year.
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