• The overall vacancy rate in Q2 2018 was 9.2%, a decline of 30 basis points (bps) from Q2 2017.
  • In Q2 2018, strong net absorption occurred in the South Orlando, North Orlando, and Lake Mary submarkets.
  • The average asking rental rate increased to $21.93 per sq. ft., up $0.20 from Q2 2017.
  • Four multi-tenant properties, totaling 437,000 sq. ft., were under construction at the close of the second quarter.
  • According to Real Capital Analytics, a significant share of the capital flowing into Orlando in Q2 2018 came from private buyers which encompassed 42% of the total transactions.