Orlando Industrial Market Report

Volatility in leasing activity persists. Orlando’s industrial market is rebalancing as development eases amid uneven demand. On the supply side, completions are expected to slow markedly following a four-year stretch in which more than 20 million square feet was delivered. Against this backdrop, leasing has been volatile, resulting in minimal year-over-year vacancy change through March, with strength concentrated in the big-box distribution segment. This was highlighted by several leases over 200,000 square feet signed just west of Orlando International Airport (OIA). The area is seeing heavily concentrated demand, benefiting from its position near the convergence of SR 528, Florida’s Turnpike, and Orange Blossom Trail — one of the metro’s most connected freight nodes. Meanwhile, sub-50,000-square-foot spaces continued to record negative net absorption in early 2026, driven by steep move-outs in pre-1980-built product. In contrast, newer small-bay inventory has seen more stable tenant demand, helping keep overall segment vacancy in the mid-5 percent range.