The unemployment rate in Orlando finished 2013 at 5.5%, less than half of the 11.9% unemployment rate registered at the beginning of 2010. With the second highest job growth in the state, the Orlando metro added 32,300 new jobs over the past year with all major industries gaining jobs. Orlando ended 2013 with an unemployment rate 0.4 percentage points lower than the state.
The industrial market in Orlando saw positive improvement in 2013. Overall vacancy fell by 1.7 percentage points from the end of 2012 to 9.5%, the lowest year-end figure since 2007. As a further sign of the market’s continued strength, direct asking net rents increased year over year by 1.6% even as construction has picked up.
Source : Cushman & Wakefield