Orlando’s Industrial Rents Continue To Rise As Vacancies Shrink
Average triple-net lease rents have reached $10.77 per square foot, representing a 62.9% increase since 2019.
Average triple-net lease rents have reached $10.77 per square foot, representing a 62.9% increase since 2019.
Located at 2140 North John Young Parkway, the industrial site spans 3.53 acres with convenient access to the area’s major highways: I-4 and 408 Expressway. The tilt wall structure is scheduled to be delivered in the first half of 2024.
“This property offers significant upside as the Cape Canaveral port and space coast areas continue to develop around this property. Elon Musk and Jeff Bezos are investing billions in this space coast area and there is very limited supply of industrial properties around the port, said Eric M. Levitt, founder of EML Realty Partners.
Local construction company NEFCO signed a lease for 83,082 square feet of space while Evolution Electric Vehicles will occupy Building 200, plus 71,210 square feet of space in Building 100.
Synonymous with Florida retail, office, industrial, land brokerage and property management for 18 years, this new brand identity is reflective of the firm’s evolution, growth, and positioning for continued success.
Situated on 35 acres, Topline Logistics Facility totals 457,000 square feet and features 36-foot clear heights, 95 dock doors, four drive-in doors and 110 trailer parking spaces.
Eric Levitt, founder of EML Realty Partners, Dan Flamholtz and David Berg, Principals of Greenspring Realty Partners, worked together as partners in Maryland before Eric moved full-time to Florida in 2016.
At CFCAR’s 25th Annual Hallmark Awards, which was held at The Monroe in Downtown Orlando’s Creative Village on Wednesday night (June 21st), award winners were honored and celebrated.
NexPoint currently owns 1.6 million net rentable square feet of industrial real estate across Texas and Florida and is partnering with Basis Industrial to manage the newly acquired properties.
Rian Smith, Kris Courier, and Josh Tarkow with CBRE Industrial & Logistics represented the owner, Leon Ocala Holdings IV, in lease negotiations.
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