Q2 2017 Cite Partners Central Florida Office Market Report

Where Have the Office Deals Gone?

A quick look at the trends of the 2nd quarter of 2017 and there is something that jumps out at you.  The two major submarkets north of Downtown Orlando, namely Maitland Center and Lake Mary, both show some very strong numbers.

To view the Central Florida Office Market Report in its entirety, please click below:

Cite Partners Office Market Report 2017-Q2

Q1 2017 Cite Partners Central Florida Retail Investment Market Report

NATIONAL RETAIL OUTLOOK

With 2016 well behind us and 2017 fully underway, it’s almost disheartening to continue the discussions surrounding President Trump. However, Trump’s presidency will have a direct impact on commercial real estate. President Trump is placing a significant focus on making changes to fiscal, trade, regulatory, and diplomatic policy with his economic plan; however, the details are still unknown. It will take a long time before we fully understand how the Trump Administration’s policies will impact the economy and the real estate market. As we have seen in past elections, it will be extremely difficult for Trump to realize any significant progress in his first year in office.

 

To view the Central Florida Retail Investment Market Report in its entirety, please click below:

Cite Partners Retail Investment Market Report 2017-Q1

Q1 2017 Cite Partners Central Florida Industrial Market Report

STRONG AND STEADY

The heartbeat of the industrial market in Central Florida continues to be strong and steady. Absorption remains positive for yet another quarter, and the number of buildings being delivered in the first quarter of 2017 are giving users more new building options to consider when looking for space. This is causing some institutional landlords to get creative in order to win a deal.

To view the Central Florida Industrial Market Report in its entirety, please click below:

Cite Partners Industrial Market Report 2017-Q1

 

Q1 2017 Cite Partners Central Florida Office Market Report

Orlando Office – A Different Question of Sustainability

Sustainability is defined as ” the ability to be supported, upheld, or confirmed.” It is used today mostly in an ecological sense where it can mean “the quality of not being harmful to the environment or depleting natural resources, and thereby supporting long-term ecological balance.”

Sustainability in the Orlando Office Market is an important question – but not for the reason that you might think. The question that I ask is whether the successes that we’ve seen in the Office community through the last several years can be sustained. As the saying goes, the tide rises all boats – and that saying holds true for most of the submarkets in Orlando as virtually all markets saw an increase in productivity in 2016 (ie: vacancy decreases; rental rate increases; landlord sentiment is favorable; tenant incentives on the decline, etc.).

To view the Central Florida Office Market Report in its entirety, please click below:

1Q2017 Office Market Report

Q4 2016 Cite Partners Central Florida Industrial Market Report

STILL GOING STRONG

2016 ended on a very strong note, which is usually a great sign for the upcoming year. We saw the third straight year of over three million square feet of positive absorption, vacancy continue to drop, and new construction remains very disciplined. Tenant demand continues to be consistent and many existing companies are looking for new space to expand. There is over $15 billion worth of capital investment taking place in Orlando right now between Ultimate I-4, expansion at OIA, Wekiva Parkway, theme park expansions, and many more projects.

To view the Central Florida Industrial Market Report in its entirety, please click below:

Cite Partners Industrial Market Report 2016-Q4

 

Q3 2016 Cite Partners Central Florida Industrial Market Report

CONSISTENT GROWTH

As we finish out 2016, the Central Florida industrial market appears to have the winds of e-commerce and construction behind its sails! There continues to be an increase in demand for industrial space closer to large populations by e-commerce companies and the companies that service e-commerce demands. Overall, the market has continued to improve and expand. This setting is causing a consistent decrease in vacancy rates and an increase in rental rates.

To view the Central Florida Industrial Market Report in its entirety, please click below:

Cite Partners Industrial Market Report 2016-Q3

 

Q2 2016 Cite Partners Central Florida Office Market Report

Where is the Office Market in Central Florida? – Depends on What You Believe

The Central Florida office market, on paper, continues to make great strides. Vacancy is down….our average lease rates for the area were flat this quarter, but remain healthy….sales activity saw an increase of 7.2% from the first quarter…….submarkets that have been dragging (ie: Maitland Center) are showing signs of life. The overall “belief” is that the office market is healthy and rolling along.

Yet, when we talk with those active in the Central Florida office market, there is a certain amount of skepticism as to how healthy we really are. Will we have enough space to continue to attract larger, corporate-driven transactions (like the Deloitte transaction in Lake Mary of a few quarters ago, or the recently announced ADP transaction in Maitland Center)? The question really is how to sustain our momentum…..How can we keep it moving forward?

To view the Central Florida Office Market Report in its entirety, please click below:

2Q2016 CFO Team Office Market Report

Q2 2016 Cite Partners Central Florida Industrial Market Report

ON A ROLL

The Central Florida industrial market continues to thrive.  Activity appears to be picking up as this quarter presented high positive absorption and a quarterly building sale volume unmatched in the past few years.  Meanwhile, market indicators are all positive as demand for industrial property outpaces supply.  At the halfway point for 2016, the market is trending towards the record low vacancy numbers of 2007.

To view the Central Florida Industrial Market Report in its entirety, please click below:

Cite Partners Industrial Market Report 2016-Q2

Q1 2016 Cite Partners Central Florida Industrial Market Report

CONSISTENT CONSISTENCY

The industrial market in Central Florida continues to hum. Posting a 10th straight quarter of positive absorption, construction has just begun to catch up with the overwhelming demand from users for Class A industrial space. Interestingly, however, it feels as if we are still lacking new bulk space with the amenities that many users need such as higher clear height, trailer storage, and easy access to highways.

To view the Central Florida Industrial Market Report in its entirety, please click below:

Cite Partners Industrial Market Report 2016-Q1

Q4 2015 Cite Partners Central Florida Office Market Report

Now that calendar year 2015 is behind us, we reflect back on the progress made within the Central Florida office market. The 12-month time period of the past calendar year saw many exciting transactions that helped to shape the direction of the year, including Red Lobster moving their Headquarter facility to Downtown Orlando……Deloitte moved into a 130,000 square foot office facility in Lake Mary….CNA announced plans to relocate from Maitland Center to a new 108,000 square foot space in Lake Mary…..the emergence of the tech-industry in Orlando literally placing Orlando on the map in the technology-sector…….new construction started in the Central Florida Research Park on a spec office building by Equity Partners – that’s right, I said spec development. There were not many reasons for those commercial real estate professionals involved in the Office Sector to complain.

Please click below to read the report in its entirety.

Cite Partners Office Market Report 2015-Q4