"Smaller tenants who need 5,000 sf to 50,000 sf are the most active" prospects, Livingston tells GlobeSt.com. He is so convinced of this market niche that he has formed Small Bay Partners LLC to develop small-bay warehouse properties in metro Orlando.
Despite the struggling national economy, the developer sees "many bright spots in the industry, most of them on the local level."
He says disparities between local economies and the United States as a whole probably result from the way real estate executives collect information for analysis.
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