Exploring Orlando

The commercial real estate market in Orlando, Florida is currently very strong, with high demand and low vacancy rates. This is due to a number of factors, including:

• Strong economic growth: Orlando has one of the fastest-growing economies in the United States, thanks to its tourism industry, technology sector, and healthcare sector.

• Favorable business climate: Orlando has a low cost of living, no state income tax, and a business-friendly environment.

• Limited supply: The supply of commercial real estate in Orlando is limited, which is pushing up prices and rents.

According to a recent report by CBRE, the average vacancy rate for office space in Orlando is 11.6%, which is below the national average of 13.9%. The average asking rent for office space in Orlando is $23.70 per square foot, which is up 5.4% from the previous year.

The industrial real estate market in Orlando is also very strong, with an average vacancy rate of 4.9%. The average asking rent for industrial space in Orlando is $8.10 per square foot, which is up 7.5% from the previous year.

The retail real estate market in Orlando is more mixed, with some areas performing better than others. Overall, the retail vacancy rate in Orlando is 7.1%. The average asking rent for retail space in Orlando is $21.70 per square foot, which is up 2.8% from the previous year.

Overall, the commercial real estate market in Orlando is very strong, with high demand and low vacancy rates. This is a good market for sellers and landlords, but it can be more challenging for buyers and tenants to find the right properties at the right prices.

If you are considering buying or leasing commercial real estate in Orlando, it is important to work with a qualified real estate broker who can help you find the right properties and negotiate the best deals.