Orlando industrial vacancy remains low in smaller buildings

Industrial vacancy rates in Orlando have risen by 3.1% year-over-year, reaching 7.3% overall at the end of the third quarter 2024. Buildings from 20k-99k square feet have the lowest vacancy rates in Orlando, standing at 4.7% at the end of the third quarter 2024. The Orlando industrial market has continued to see strong development activity, with over 3.7 million square feet having been delivered so far this year. However, only 21% of that space is in buildings from 20k-99k square feet, reflecting the limited supply of these smaller spaces despite high demand.