Orlando Warehouse Space
Orlando is situated in the center of the state which makes it the perfect location for warehouse/distribution space. Demand for warehouse space in Orlando is high as evidenced by decreasing vacancy rates and increasing rental rates. The Orlando warehouse space market consists of approximately 125 million square feet of industrial/distribution space and another 25 million square feet of flex space spread out over several submarkets.
Warehouse Space in Orlando
Warehouse vacancy rates in year end 2006 for these major submarkets ranged from as high as 11% in the Southwest area to as low as 3% in the Northeast area with an overall warehouse vacancy rate at 6%. Warehouse rental rates can vary depending on location and unit size. A 5,000 square foot warehouse unit in a good location can command NNN rental rate of $8 to $10 per square foot while a 50,000 square foot unit in an average location may only rent for $4 to $6 per square foot.
The average price for existing warehouse buildings in Orlando available for purchase is approximately $85 per square foot. Again, pricing can vary greatly depending on the location and type of construction. A tilt-wall warehouse building with modern features in a prime location might sell for $125 per square foot while an older metal warehouse building in an average location might not sell for more than $75 per square foot. These figures will continue to increase in coming years due to the limited availability of properly zoned land available for development and the increased cost of construction.
Contact us about warehouse space in Orlando
To inquire about warehouse space in the Orlando area please complete our space request/contact form below and we will follow up with you within four business hours.
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