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Q2 2021 Central Florida Retail Market Report

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Executive Summary

With over 94% of the U.S. reopened in some capacity, the national GDP began to show positive growth, rising to 6.6% year-over-year, the strongest in recent memory. The U.S. 10-Year treasury saw an increase over the last quarter but is still not as high as the start of the year. Florida, one of the first states to reopen, continued to see a growth in population, an increase in business activity, and declining unemployment. At the height of the COVID shutdown, the Orlando MSA unemployment level rose substantially, up to 22.6%, but has since fallen to 5.4%, marking the most significant gains in the state. In addition, the Orlando- Kissimmee-Sanford MSA had the highest annual job growth compared to all the metro areas in the state in leisure and hospitality, adding over 48,600 jobs within the last year, giving a boost to retail demand.

 


CFLRetailQ22021

Q2 2021 Central Florida Retail Market Report

Download Report