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Q3 2022 | Central Florida Industrial Market Report

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There is an increase in new development as asking rates reach the highest point recorded and vacancy drops to record lows.

 

Key Takeaways

  • Low availability of space and record high rental rates are two predominant challenges for new and existing tenants within Central Florida.
  • Amid vacancy rates at an all-time low, much of the unoccupied smaller blocks of space are either functionally obsolete or of lesser quality.
  • During the first three quarters of the year, there was ample “exuberant” capital pursuing industrial land development and building opportunities. As a result, supply of such space was and is at historic highs. Rental rates rose nicely and entitled and improved land values increased, ranging from $250K - to $500K+ per acre.

Central Florida Industrial 22Q3 Picture02

Q3 2022 | Central Florida Industrial Market Report

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