Q2 2019 Orlando Market Report

Orlando ranked in the top five cities nationwide for population growth last year, which economists equate to the sign of a healthy city. This growth is evident by the numerous construction sites throughout the MSA. Additionally, Orlando’s income growth has outperformed the national average according to the latest United States Census Bureau estimates. This has led to abundant consumer consumption and has driven retail rent growth up 6.1% year-over-year, the strongest retail rent growth nationwide. Industrial rent growth has been strong as well, with several new developments delivering recently. Only the office sector is seeing a lack of speculative development despite rental increases.