Q3 2017 Cite Partners Central Florida Industrial Market Report

HURRICANE SEASON TAKES ITS TOLL

The Central Florida industrial market saw steady activity this quarter. Vacancy held at the same rate from the previous quarter while absorption rates dipped, likely due to the hurricanes in September. The biggest concern heading into the final quarter of the year continues to be lack of new space, while the number of projects under construction point toward a promising 2018.

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

Cite Partners Industrial Market Report 2017-Q3

Q3 2017 Cite Partners Central Florida Office Market Report

Change – A Good Thing or A Bad Thing?…..Depends on Where You Sit

We have always been told that change is inevitable. The older I get, the truer that statement becomes. My firm, Cite Partners, has relocated our office to a new location at 100 East Pine Street. This change of address, for us, also brings with it a change of how our office operates. Like many companies, we have designed our new office in an open-concept. One that allows our teams to better function as a team; a layout that allows us to collaborate wholly as an office; and a layout that paves the way into the next chapter of our company’s history, full steam ahead.

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

Q3 2017 Central Florida Office Market Report

 

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

Two New Tenants Sign Leases at Bent Oak Industrial Park

Vital Record Control of Florida and Rhino Tire USA became the newest tenants at Bent Oak Industrial Park when they recently signed leases for 60,771 and 144,556 square feet, respectively.  Vital Record Control will be in Building 300, and Rhino Tire will be joining Lasco Fittings and Toyota Motor Sales in Building 100.  The CFI Team of Cite Partners represented the Landlord, McCraney Property Company.

Since being awarded the Bent Oak leasing assignment, Cite Partners has leased over 1.2 million square feet of industrial warehouse space at the park, which is currently 70.5% occupied.