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Orlando, Florida’s retail sector: Growth, optimism and infrastructure hurdles

Central Florida leads the state in retail demand despite rising costs
Oak Grove Station, a 140,000-square-foot shopping center in Altamonte Springs, traded earlier this year for $40.1 million, or roughly $281 per square foot. The property sold at a reported 6% capitalization rate, right in line with where similar properties with strong grocery anchors are trading. (CoStar)
Oak Grove Station, a 140,000-square-foot shopping center in Altamonte Springs, traded earlier this year for $40.1 million, or roughly $281 per square foot. The property sold at a reported 6% capitalization rate, right in line with where similar properties with strong grocery anchors are trading. (CoStar)
CoStar Analytics
December 11, 2025 | 3:11 P.M.

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Orlando’s retail sector continues to stand out nationally. Vacancy is holding steady at 3.8% in the fourth quarter of 2025, unchanged year over year. Among all U.S. markets with more than 100 million square feet of retail inventory, Orlando ranks in the top five for year-over-year rent growth, top 10 for trailing-year retail demand and new space under construction, and top 15 for sales volume over the past 12 months.

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News | Orlando, Florida’s retail sector: Growth, optimism and infrastructure hurdles