Landlords Choosing to Keep Units Vacant in Search for Credit Tenants

Central Florida continued to receive steady demand through the fourth quarter of 2018. The market continues to climb away from its 2008 recession lows, reaching an all-time high average asking rate of $17.50 PSF (NNN) for the region. Select micro markets throughout Orlando have seen rates break past $40 PSF (NNN) with an overall regional occupancy rate of 94.6%.