Orlando Industrial Market

The Orlando industrial market measured 118.7 million square feet of inventory at year-end 2007. The overall vacancy rate for this product type increased half a percentage point to 6.6 percent. 2007 total net absorption equaled 1.9 million square feet, and almost 1.7 million square feet were under construction. Total market lease rates for bulk warehouse and distribution space averaged $5.96 per square foot.