// RETAIL MARKET OVERVIEW
// U.S. OVERALL RETAIL CLOCK
Peaking
market
Falling
market
San Francisco, MIAMI, New York City, Dallas, Houston, Boston
UNITED STATES, FORT LAUDERDALE, Orange County,
Hawaii, Los Angeles
Washington DC, San Diego, PALM BEACH
Rising
market
Bottoming
market
Seattle
Atlanta, ORLANDO
Philadelphia, TAMPA, JACKSONVILLE, Chicago
// RETAIL MARKET OVERVIEW
// HISTORICAL RENTS & OCCUPANCY
Orlando’s economic growth is one of the strongest
statewide and was recently named the #1 market
in the country for job creation by Forbes. Orlando
consistently ranks highest in creating a strong
business environment and employment growth;
growing a robust 4.6 percent in the past year.
Orlando’s unemployment rate of 4.5 percent
dropped 0.7 percentage points within the past 12
months. Additionally, as one the pillar drivers of
the local economy, tourism increased 3.9 percent
year-over-year with over 64 million visitors.
Combined with local income increases and
advancements in consumer confidence, the local
retail market has benefited from recent upsurges
of consumer spending.
ORLANDO PULSE // 28
Despite
three years of
steady absorption,
Orlando’s rental rate
continues to slowly sink
and will likely feel more
pressure as a number of new
developments come online
over the next 24-36
months.