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Orlando Industrial Figures - Q3 2023
October 10, 2023 5 Minute Read
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- Total industrial vacancy rose to 6.0%, up 150 basis points quarter over quarter and 270 basis points year over year as 3 million square feet of available space delivered in the last 90 days.
- Over 5.9 million sq. ft. between 42 industrial buildings are under construction with over 55% of that square footage being built in Northwest Orange and Lake County submarkets.
- According to RCA the sale of investment-grade properties through third quarter of 2023 totaled approximately $421.8 million across 3.8 million sq. ft. ($111.33 per sq. ft.) compared to $1.3 billion across 10.3 million sq. ft. ($127.04 per sq. ft.) during the same period in 2022.