MIAMI—The industrial market in Orlando has been growing increasingly tight over the course of 2017, fueled in large part by a red-hot logistics industry and continued e-commerce demand. That's according to Avison Young's latest market report.

Online retailers, most notably Amazon, are driving up both demand for space and asking rents for warehouse space across the nation. The emerging logistics hub of Central Florida is no exception.

“Orlando's industrial market has grown by roughly 8 million square feet since the end of 2015 alone, with the majority of that growth in the high-demand Airport-Southeast submarket,” Lisa Bailey, principal of Avison Young, tells GlobeSt.com. “While there is certainly a strong appetite for large new distribution developments, there is also considerable demand for smaller industrial spaces that remain in short supply. Rental rates within those smaller spaces are steadily rising, up $1 per square foot or more over the past year alone within 2,500 to 10,000-square-foot spaces in dock high warehouse buildings.”