Sales & Leasing Activity Show Strong Signs of Recovery for Orlando Retail
Franklin Street’s Q2-21 report on the Orlando retail market takes an in-depth look at key indicators in the market, from leasing and investment sales activity to foot traffic levels and new developments.
The report also dives into important trends and challenges impacting the market, while offering exclusive insight on what’s ahead for Central retail.
- Declined tourism due to the Covid-19 pandemic created challenges for Central Florida through much of 2020, however the Orlando retail market is now showing significant signs of recovery.
- The market experienced a strong uptick in retail investment sales volume that was driven by an increase in sales price per square foot, indicating high demand.
- Market and asking rents have risen steadily and can be expected to continue growing more steeply in the future due to increased land and development costs.
- Overall, the retail market will continue to surpass pre-Covid levels as the region grows and evolves to meet the ever-changing demand of consumers while also benefitting from positive net-migration trends and new developments.