09 Mar 2025
With the Orlando SSA show coming up the Radius+ team took a look into the Orlando market to see how much supply has been added over the past 3 years.
The tourist hub of Orlando experiences over 60 million visitors a year and is currently the most visited destination in the entire United States!
The high volume of visitors has helped contribute to the area’s economic growth and with it more demand for self storage.
This demand has been met with sequential years of impressive self storage supply growth.
The Orlando-Kissimmee-Sanford, FL CBSA saw a 3.1% new supply relative to its total in 2022, 6.1% in 2023 and 4.7% in 2024. This has kept rates in many areas of the market low as so much supply began leasing up at the same time. With new deliveries cooling off, we can anticipate rates starting to creep up slowly as the demand catches up with the new supply added.
