The largest leases for the third quarter were as follows:
Air Traffic Services leased 55,000 s.f. at Liberty Park @ AIPO, Building B;
Scientific Games Corporation leased 45,000 s.f. at Liberty Park @ AIPO, Building B; and
Tommy Hilfiger leased 12,745 s.f. at Exchange I in Orlando Central Park.
The vacancy rate dropped slightly from 13.90% at end of the second quarter to 13.76% at the end of the third quarter. There were no new buildings added to the survey in the third quarter, but several will be added in the next two quarters.
The average quoted rental rate for the 133 buildings surveyed is $4.67 psf triple net, which is unchanged from the second quarter.
Lincoln International Corporate Park’s Building C will be completed in October. Building C is a 141,660 s.f. facility.
Rebman says Orlando industrial brokers expressed that tenants are in a “wait-and-see” mode as a result of the volatility and uncertainty in the financial markets.
Corporate Facility Advisors Associated Globally with KingSturge