Industrial space in Orlando: A tale of two extremes - United States
Industrial space in Orlando: A tale of two extremes
A significant 28% of Orlando's industrial development pipeline is focused on buildings ranging from 100,000 to 250,000 square feet. This trend signifies a noteworthy shift in demand toward smaller industrial spaces, reflecting changing market preferences.
Buildings in the largest size category, exceeding 750,000 square feet, demonstrated exceptional performance in the third quarter with a noteworthy 0% vacancy rate. These expansive facilities remain in high demand, often attracting multinational corporations and e-commerce giants seeking ample space to accommodate their operations.
Highlighting these large developments is building 300 at Apopka 429, a 1.2 million-square-foot development in the Northwest submarket that is expected to be completed by the end of 2023.