"The Orlando industrial investment sales market is heating up," Ronald J. Rogg, vice president, office and industrial investment properties for CB Richard Ellis Inc. in Orlando, tells GlobeSt.com. "This is quite an anomaly for the Orlando market, which typically averages only several major transactions over a two to three-year period."
With Crownpoint and Crossroads already on the market, "and the potential for several more later in the year, look for a record-setting year of industrial investment sales activity," Rogg says.
"Investor demand continues to be strong for both multi-tenant and single-tenant industrial facilities," the broker says. "Demand is far exceeding supply."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
