ORLANDO—If you aren't yet convinced of the demand for industrial space in Orlando, look at these leases. Avison Young just secured 22,500 square feet of leases in Orlando's Triplex, a three-building office and warehouse portfolio located at 4653-4677 L.B. McLeod Road in the Southwest Orange County submarket.

Avison principal Lisa Bailey and senior vice president Lawson Dann secured four new leases totaling 43,594 over the past three months at Triplex on behalf of the asset's ownership, FGHP Properties Limited Partnership. These deals demonstrate a trend toward smaller users ranging from 3,000 to 10,000 square feet dominating the local landscape.

“The impact of the economic recovery, fueled by small business growth and increases in consumer spending, can be seen in the tenant types signing leases at Triplex—event planner, fitness company, dance academy, and community organization,” Bailey tells GlobeSt.com. “Combined with the positive absorption coming from businesses benefiting from the uptick in construction spending and theme park growth in Orlando, quality space for smaller tenants is becoming more and more scarce and available dock high small space is virtually nonexistent in Southeast and Southwest Orange County.”