Orlando Industrial Figures - Q2 2026

The market in Q2 2026 posted positive net absorption of 252,000 sq. ft., extending the modest gain of 243,000 sq. ft. in Q1 2026. Vacancy edged up quarter-over-quarter from 10.1% to 10.2% and is up from 9.6% year-over-year, while availability eased slightly quarter-over-quarter from 12.9% to 12.7% but remains above the 11.2% recorded a year earlier. Average asking rents continued to firm, increasing to $10.29 per sq. ft., up from $10.25 quarter-over-quarter and from $9.17 year-over-year. Construction activity remains active, with 2.9 million sq. ft. under construction and 362,000 sq. ft. delivered during the quarter.

Over the longer period, conditions have shifted from the tight 3.0%–3.5% vacancy range seen through 2022 and early 2023 to the current double-digit vacancy environment, even as average asking rents have risen from $7.97 in Q2 2021 to $10.29 in Q2 2026. Availability has followed a similar trajectory as sustained development and a series of sizable deliveries since 2023 have expanded inventory faster than occupancy growth.

During the current quarter, new leasing was anchored by three large transactions totaling 258,000 sq. ft. The largest was a 105,000 sq. ft. commitment by a confidential tenant in Osceola County and South EastOrange County recorded two sizable deals.