The overall vacancy rate for Q4 2019 stood at 7.3%, up 60 basis points (bps) from the previous quarter and increasing 190 bps over Q4 2018.
Orlando’s industrial market finished Q4 2019 withnet absorption of 655,014 sq. ft. This brings the year-to-date net absorption to 985,024 sq. ft.
The direct average asking lease rate stood at $6.81 per sq. ft., only a $0.01 increase over the previous quarter but a $0.31 increase over Q4 2018.
Real Capital Analytics (RCA) reports that during 2019, 30.9% of the buyers were institutional buyers and 42% were private buyers. On the seller side, 9.9% of the sellers were institutional sellers and 82.7% were private sellers.