Q4-21 served as a monumental quarter for retail properties in the Orlando MSA. Sales volume and sales price per square foot all reached record highs to close out the year. Also, noteworthy is that retail vacancy rates declined significantly and for the first time finished below 4% in Q4-21. The Orlando MSA has recovered incredibly well since the pandemic where it experienced substantial increases in unemployment as the tourism industry took a heavy hit due to travel restrictions.
However, now the Orlando MSA is in full rebound mode, boasting a resilient market that is striving due to the vaccination roll out and an overall less restrictive state administration. The outlook for the Orlando retail market is favorable, as tourism and foot traffic will continue to pick up in this retail hot bed.
View or download Franklin Street’s full Q4-21 report on the Orlando Retail Market for key stats, insights and predictions.