Evolving sales trends in Orlando’s industrial market

– So far in 2024, sales with an average price per square foot over $150 account for 35% of all sales, down from 40% in 2023. Additionally, sales under $100 account for only 6%, down from 18% last year. A significant shift is seen in the $100-$150 range, which now makes up 59% of sales, up from 42%, indicating a market shift toward mid-range pricing.

– The overall sales volume so far in 2024 has reached $385 million, on track to match last year’s annual total of $600 million. Meanwhile, the average sale price per square foot has increased 15% year-over-year reaching $152.

– In 2023, the average size of building sold was 71k sf, with 23% of buildings sold being over 100k sf. In 2024, the Orlando market has seen the average size of building sold grow to 92k sf, with 31% of buildings sold being over 100k sf, indicating a trend towards larger transactions in the market.