Demand for Multi-Tenant, Single-Tenant Buildings Rising

ORLANDO-While metro area owners of warehouse, distribution, manufacturing and flex-space properties struggle to lease up their existing assets, sideline investors are hollering for more multi-tenant and single-tenant buildings, according to a new Colliers Arnold analysis of Central Florida’s 116-million-sf industrial real estate market.

“Demand is far exceeding supply as available buildings are receiving multiple offers, often just days after hitting the market,” says Colliers Arnold’s director of research Bobby Palta.

“The low interest rates have motivated most available buyers in the market, which has seriously depleted the inventory of buildings available for sale,” he says. That situation has caused values to rise, “making it a real seller’s market,” Palta adds.