24 Jun 2025
The Radius+ team dove into the Orlando-Kissimmee-Sanford, FL CBSA. Orlando has seen tremendous economic growth post pandemic with many new residents flocking to the area from the Northeast. In 2022 Orlando expanded its GDP by 2.2% outpacing the U.S. metropolitan average by almost 300%.
This made it an attractive market for new Self Storage development.
This consistent supply growth has put tremendous pressure on rental rates in the area- this combined with the housing market cooling down in the area and Nationally due to interest rates being so high has been reflected in the rental rates.
The flat rental rate trends in this market indicate that demand will need some time to catch up to all the newly added supply.
