Cap Rate Research
Orlando Commercial Real Estate Cap Rates by Submarket
Current cap rate ranges for Central Florida commercial real estate, broken out by submarket and property type — retail, office, industrial, multifamily, medical office, and NNN. Ranges reflect actively trading product and broker observations across 13 key submarkets.
Submarkets Covered
Lake Nona
Lake Nona is Central Florida's medical and life sciences hub. Demand is concentrated in medical office, Class A multifamily, and retail supporting the rapidly expanding residential base.
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Downtown Orlando
Downtown Orlando is the urban core with a mix of Class A and B office product, adaptive reuse buildings, and growing multifamily infill. Fundamentals reflect the broader recovery of CBD office in post-pandemic markets.
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Maitland & Winter Park
Maitland and Winter Park anchor Central Florida's most established suburban office and retail submarkets. Tenant retention is high, demographics are strong, and developable land is scarce.
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I-4 Corridor
The I-4 corridor is the industrial and logistics backbone of Central Florida. Warehouse, distribution, and flex demand continues to outpace new supply, driving rent growth well above the national average.
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International Drive (I-Drive)
The International Drive corridor is the heart of Central Florida's tourism and entertainment economy. Commercial real estate demand is concentrated in hospitality, experiential retail, and restaurant space.
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Sand Lake Road / Dr. Phillips
The Sand Lake Road and Dr. Phillips corridor is one of Orlando's most affluent retail and restaurant destinations, serving the affluent residential neighborhoods of SW Orange County and tourism corridor proximity.
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MetroWest & Millenia
MetroWest and the Millenia corridor form one of Orlando's densest suburban markets. The Mall at Millenia anchors luxury retail, while MetroWest provides a massive base of workforce multifamily housing. Together they attract significant retail, multifamily, and value-add office investment.
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College Park & Mills 50
College Park and Mills 50 (ViMi) are Orlando's most walkable urban neighborhoods. Independent retail, craft F&B, and adaptive reuse define the commercial landscape. These neighborhoods attract creative tenants and infill multifamily developers.
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Lake Mary & Heathrow
Lake Mary and Heathrow comprise Central Florida's premier suburban corporate office submarket. Fortune 1000 regional headquarters, high-income demographics, and top-rated schools create stable demand for Class A office, medical, and premium retail.
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UCF & East Orlando
The UCF corridor in east Orlando is one of Central Florida's fastest-growing submarkets, anchored by the University of Central Florida's 70,000+ student body. Multifamily, student housing, retail, and medical office demand are all driven by the university's expansion.
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Melbourne & Space Coast
Melbourne and the greater Space Coast form Brevard County's commercial hub, anchored by aerospace and defense contractors. L3Harris Technologies, Collins Aerospace, and the broader space industry drive demand for office, flex, industrial, and multifamily.
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Horizon West
Horizon West is a massive master-planned community in west Orange County and one of the fastest-growing submarkets in Florida. Population growth is creating demand for new retail pad sites, medical office, and NNN investment opportunities.
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US-27 Corridor (Clermont to Davenport)
The US-27 corridor from Clermont through Davenport is one of the highest-growth commercial corridors in the Orlando metro. National retailers, QSR chains, and self-storage operators are racing to serve the rapidly expanding residential population.
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How to Use This Data
Cap rates vary significantly by submarket, tenant credit, lease structure, and property condition. The ranges shown on each submarket page reflect actively trading product and should be used as a starting point for underwriting, not as a substitute for comp-based valuation.
For a specific property valuation or a deal-level cap rate opinion, contact MaxLife Realty — we underwrite deals across all Central Florida submarkets and can produce a property-specific cap rate memo within 48 hours.
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