Intelligence

Regional Summaries

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Orlando, FL

Apartment
The Orlando apartment market vacancy rate for the first quarter of 2019 was 5.8%, a gain of 40 basis points for the period following an increase by 60 through all of 2018. At $1,244 and $1,177 per month, asking and effective averages indicated for first quarter 2019 represented gains at 0.8% and 0.7% for the period following increases of fully 6.6% each through 2018. VIEW APARTMENT LISTINGS >
Industrial
The Orlando warehouse/distribution market first quarter 2019 vacancy rate was 10.7%, up 60 basis points over the period. At $5.39 psf and $4.93 psf, first quarter 2019 average asking and effective lease rates were up 0.9% and 0.8% for the period following increases of 4.5% and 4.9% through 2018. For Flex/R&D space, Reis reports first quarter vacancy at 7.2%, up 10 basis points over the quarter but down 10 over 12 months. Net absorption was negative 38,000 square feet for the quarter. Reis reports average asking and effective rents of $8.37 psf and $7.49 psf, up 0.4% and 0.1% for the quarter, and up 3.1% and 3.0% for the year. VIEW INDUSTRIAL LISTINGS >
Office
Vacancy in the Orlando general purpose, multi-tenant office market ended the first quarter of 2019 at 14.4%, down 20 basis points for the period and identical to the rate recorded for year-end 2017. At $23.70 psf and $18.86 psf, first quarter average asking and effective rents were up 0.6% asking and 0.7% effective for the period. VIEW OFFICE LISTINGS >
Retail
The Orlando community-neighborhood shopping center market vacancy rate ended the first quarter of 2019 at 3.1%, up 40 basis points for the period and up 100 year-over-year. At $20.36 psf and $17.58 psf, first quarter 2019 mean asking and effective lease rates for community-neighborhood center space were up 0.9% and 1.0% for the period following gains of 3.7% and 3.8% in 2018. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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