Orlando Industrial Figures - Q1 2026

The market in Q1 2026 recorded positive net absorption but higher vacancy and availability than a year earlier. Net absorption was 357,000 sq. ft., a 386,000 sq. ft. improvement from Q4 2025 but 330,000 sq. ft. below Q1 2025. Vacancy was 10.1%, up 0.1 percentage points quarter-over-quarter and 1.1 percentage points year-over-year, while availability reached 12.8%, increasing 1.8 percentage points from Q4 2025 and 2.1 percentage points from Q1 2025. Average asking rents rose to $10.01 per sq. ft., advancing 7.4% quarter-over-quarter and 12.4% year-over-year.

Construction metrics showed lower volumes than prior years despite a quarter-over-quarter increase. Space under construction totaled 2.1 million sq. ft., higher than Q4 2025 but 37.4% below the 3.3 million sq. ft. in Q1 2025 and below the 4.6 million sq. ft. recorded in Q4 2023. Q1 2026 deliveries were 673,000 sq. ft., 54.2% below the 1.5 million sq. ft. completed in Q4 2025. Overall, Q1 2026 closed with vacancy and availability above year-earlier levels, rents materially higher, and construction activity well below peak 2023 levels.