Cap Rate Research / Industrial
Orlando Industrial Cap Rates by Submarket — 2026
Orlando industrial cap rates remain compressed relative to other CRE segments due to sustained institutional demand, e-commerce-driven absorption, and limited Class A supply along the I-4 Corridor. Class A bulk warehouse and distribution product trades 5.75% – 6.75%, while Class B and flex/light-industrial product trades 6.75% – 8.5%. Cold storage and specialty industrial commands a premium to general industrial pricing.
Industrial Cap Rates by Central Florida Submarket
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Class A Industrial | 5.75% - 6.75% | → Stable | Institutional capital dominates pricing. |
| Class B Industrial | 6.75% - 8.0% | → Stable | Owner-user demand provides downside protection. |
| Flex/Multi-Tenant | 7.0% - 8.5% | ↑ Firming | Smaller tenants willing to pay premium for quality product. |
| Cold Storage | 6.0% - 7.25% | ↑ Firming | Specialized product trades above general industrial. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Small-Bay Flex/Creative | 7.5% - 9.0% | → Stable | Emerging product type for creative office tenants. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Flex/R&D | 7.25% - 8.5% | ↑ Firming | UCF Research Park and simulation/training tenants. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Flex/Industrial | 6.75% - 8.0% | ↑ Firming | Aerospace manufacturing drives spec demand. |
Industrial Cap Rate FAQ
What is the current cap rate for warehouse properties in Orlando?
Class A bulk warehouse and distribution in Orlando trades 5.75% – 6.75%, with the tightest pricing along the I-4 Corridor between Orlando and Tampa. Class B industrial trades 6.75% – 8.0%, while flex/multi-tenant product trades 7.0% – 8.5% depending on tenant mix and bay sizes.
Where is industrial trading tightest in Central Florida?
The I-4 Corridor (Polk County and west Orange County) and Lake Mary/Heathrow submarkets see the tightest industrial cap rates due to last-mile distribution demand and institutional capital concentration. Class A trades 5.75% – 6.75% in these submarkets.
Are Orlando industrial cap rates rising?
Class A bulk industrial cap rates have stabilized in 2026 after softening modestly in 2024 – 2025. Class B and flex industrial pricing remains stable, while specialty product like cold storage and aerospace-adjacent flex/R&D is firming on limited supply.