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.

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