Orlando, FL Commercial Real Estate - Still In Demand

The Orlando-Kissimmee region of central Florida iscontinuous demand in the Orlando commercial real
the state's third largest metropolitan area. Aestate sector for additional office space, flex
tourism Mecca, boasting of more than fifty millionspace, industrial space, warehousing and
visitors annually, Orlando ranks along with Lasdistribution facilities, etc. This burgeoning
Vegas and Chicago as the three cities mostmarketplace is encouraging to builders and
frequently chosen for business conferences andinvestors, and bodes well for future growth in
industrial conventions. Orlando's Orange CountyOrlando commercial real estate.
Convention Center is the second largest in theOrlando currently is in the midst of major
U.S. in total square footage.commercial real estate development projects,
Although tourism, fueled by such internationallyparticularly office and multi-use construction in the
famous attractions as Walt Disney World Resort,city's downtown area, and Orlando's industrial
SeaWorld and Universal Orlando Resort is one ofmarket space, equally in demand, has initiated an
the largest contributors to the area's overallexpansion of over 1.5 million square feet of
economic strength, industrial giants such asavailable space since early 2007, which under
AT&T, Northrup Grumman, Westinghouse,current market conditions are renting at an
Raytheon Systems, Siemens, General Dynamics,average of $5.71 per square foot for bulk
Boeing, etc equally form a strong economic base.distribution warehouse space and $11.22 per
Low unemployment and business growthsquare foot for flex space.
exceeding the national average, have created a