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

Q4 2015 Cite Partners Central Florida Industrial Market Report

WHAT A YEAR IT WAS!

2015 came to a close on a high note.  The activity was brisk through the end of the year despite Christmas and New Years taking up two weeks of December.  Activity in the month of December had historically been a good indicator of activity in the upcoming year so we are optimistic that 2016 should be as strong as 2015.

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

Cite Partners Industrial Market Report 2015-Q4

Q3 2015 Cite Partners Central Florida Industrial Market Report

ROUNDING THE CORNER AND HEADING TOWARD A STRONG FINISH

The summer ended up very strong as activity has continued to be consistent through 2015.  Typically summers in Florida are slower than usual as the temperature rises, decision makers take family vacations, and deals seem to slow down; however, this quarter was quite different.

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

Cite Partners Industrial Market Report 2015-Q3

Q2 2015 Cite Partners Central Florida Office Market Report

CONTINUED PROGRESS IN THE OFFICE MARKET

The Central Florida Office Market continues to find its footing as the overall statistics continue to show improvement in most submarkets. Overall absorption was once again very healthy, as the Central Florida office market saw its 11th straight quarter of positive absorption. Additionally, the average rental rate has jumped the $21.00 per square foot level, marking its highest point of this recovery cycle. With no substantial new construction in place as of this time, the trend of positive absorption and rental rate growth should continue.

Cite Partners Office Market Report 2015-Q2

Q2 2015 Cite Partners Central Florida Industrial Market Report

CATCHING FIRE

The industrial market in Central Florida is about as hot as the weather outside.  Activity across all segments of the market has been robust with all building classes seeing a significant amount of interest, especially well located, highly functional Class A and B properties.  All indicators look positive and the market does not seem to be overbuilt.

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

Cite Partners Industrial Market Report 2015-Q2