Orlando - Xceligent

The unemployment rate in the Orlando MSA was 4.0% in May 2016. This rate was 1.2 ... 79,300 square foot requirement at. LeeVista Business Center Bldg F.
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INDUSTRIAL MARKET REPORT

Orlando 2nd Quarter 2016 2016 Q2 Market Trends © 2016 by Xceligent, Inc. All Rights Reserved

Table of Contents/ Methodology of Tracked Set Xceligent is a leading provider of verified commercial real estate information which assists real estate professionals, appraisers, owners, investors and developers that make strategic decisions to lease, sell, buy and develop commercial properties.

Table of Contents and Methodology/Map

2-3

Market Overview

4-5

Statistics by Market Vacancy Rates & Asking Rates

6 7-8

Leasing & Absorption

9

Industrial Advisory Board Members

10

Xceligent Team

11

The Orlando tracked set consists of an inventory of buildings considered to be competitive by the brokerage community. All buildings within the competitive tracked set have been reviewed and verified by members of the Advisory Boards for the market area. Inventory

The total square feet of all existing single-tenant, multi-tenant and owner-occupied industrial properties greater than 10,000 SF.

Total Available SF

All of the available leasable space within a building, whether it is occupied or vacant, for direct lease or sublease space. Space can be available but not vacant, for example, if the landlord, or his agent, is marketing space that will be coming available at a future date because a tenant is planning to move.

Total Vacant SF

The total of all of the vacant square footage within a building, including both direct and sublease space.

Direct Vacant SF

The total of the vacant square footage in a building that is being marketed by an agent representing the landlord.

Sublease SF

Space that is offered for lease by a current tenant, or his agent, within a property. Whether the tenant is paying rent or not, the space is considered vacant only if it is unoccupied.

Net Absorption

The net change in physically occupied space from quarter to quarter, expressed in square feet.

2016 Q2 Market Trends © 2016 by Xceligent, Inc. All Rights Reserved

2

Industrial Market Map

2016 Q2 Market Trends © 2016 by Xceligent, Inc. All Rights Reserved

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Orlando Industrial Overview

Overview 

The unemployment rate in the Orlando MSA was 4.0% in May 2016. This rate was 1.2 percentage points lower than the region's rate a year ago, of 5.2%.



At 7.0%, the regional vacancy rate is down 0.4 percentage points from the first quarter of 2016 and net absorption was recorded at positive 772,961 square feet.



The Airport South/Lake Nona submarket experienced the strongest leasing activity during the second quarter and the top lease transaction was Thyssen Krupp's new 79,300 square foot requirement at LeeVista Business Center Bldg F.



One notable sale transaction during the quarter was reported at Shader Industrial Park - 2515 Shader Rd, a 302,420 square foot building, and was purchased for $10,700,000.

# of Bldgs

Inventory (SF)

Total Available (SF)

Total Vacant (SF)

Total Vacancy Total Quarterly Net Rate (%) Absorption (SF)

YTD Total Net Absorption (SF)

Flex/R&D

735

22,790,369

2,695,467

2,284,832

10.0%

175,143

200,937

Warehouse - Distribution

727

64,740,889

7,108,931

5,740,393

8.9%

569,169

767,689

Light Industrial

1,583

33,920,568

1,680,378

1,248,368

3.7%

40,566

36,