Orlando Retail Market Report

Property performance varies by submarket. The Orlando retail landscape has benefited from a rapidly expanding populace. The metro’s growth rate ranked second among major markets over the past five years, behind only Austin. This momentum carried into the first half of 2025, driving a 5.6 percent rise in local retail sales during the 12-month period ended in June. Limited speculative development should help keep metrowide vacancy tight over the near term, though submarket dynamics vary. The area spanning from Delaney Park south to Osceola County maintains strong positioning heading into the second half, with a local vacancy rate of 2.1 percent. In contrast, the Altamonte-Sanford area logged more than 300,000 square feet of negative net absorption in the first half, while the Tourist Corridor-Lake County area saw roughly 200,000 square feet let go.