(To read more on the industrial market, click here.)

ORLANDO-Third-quarter activity in Metro Orlando’s eight-million-sf, 90-building service center and flex space market produced a modest net absorption of 65,729 sf compared to a record second quarter of 314,900 sf, according to a new Rebman Properties Inc. survey. However, vacancy at 7.74%, was the second lowest rate since 1986. Second-quarter vacancy was 7.7%. A total 618,643 sf is available for lease.

“All indicators show this [third] quarter was a pause before another strong surge of leasing and sales activity,” says Lyle N. Nelsen, corporate industrial specialist at Winter Park-based Rebman Properties. Nelsen has been compiling the market’s statistics since 1986. He calls the third-quarter performance “a correction” and says “a number of agents are reporting another surge of leasing activity is building up for the fourth quarter.”

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