The overall vacancy rate for Q1 2020 stood at 7.4%, up 10 basis points (bps) from the previous quarter and increasing 170 bps over Q1 2019.
Orlando's industrial market finished Q1 2020 with net absorption of 288,210 sq. ft.
The direct average asking lease rate remained virtually unchanged year-over-year at $6.79 per sq. ft.
Real Capital Analytics (RCA) reports that during 2020, 30.9% of the buyers were institutional buyers and 42% were private buyers. On the seller side, 9.9% of the sellers were institutional sellers and 82.7% were private sellers.