ORLANDO-Cushman & Wakefield’s Orlando office has added Ryan Wesner to its Industrial Brokerage Services team. Wesner will sign on as an associate director, responsible for client advisory, business development and brokerage services.
“Ryan adds a lot of depth to our team with 10 years experience in industrial and office, in both sales and leasing,” Lee Morris, Industrial Brokerage director, tells GlobeSt.com. “He also brings extensive relationships with both landlords and tenants locally, and on national level. He’s active in multiple markets, and has shown excellence at navigating through complex negotiations.”
Wesner comes to CushWake from Jones Lang LaSalle where he worked on accounts with Lockheed Martin, Minor League Baseball Headquarters and Hilton Reservations Worldwide. He graduated from the University of South Florida of Business Administration program.
“With the improving market we’re seeing stronger demand for space by corporate users,” Morris says. “Additionally, as part of a national expansion of the industrial platform, Central Florida is expecting a high rate of growth in over coming years.”
That may be so, but the last two quarters were weak. Cushman & Wakefield released mid-year 2011 statistics for the US industrial market that show the overall vacancy rate for Orlando has declined. At the same time, the overall vacancy rate for the US has declined to a two-year low.
Orlando’s overall average vacancy rate dipped to 14% at mid-year 2011, down from 14.6% at this time last year, and down from 14.5% at the end of the first quarter of 2011. Year-to-date leasing activity for Orlando totaled 1.8 million square feet at mid-year 2011, a 7% decrease from 2 million square feet at this time last year.
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