MIAMI—For all the talk of Miami's industrial commercial real estate industry, Orlando—and all of Central Florida—is also on a rapid rise. Specifically, Orlando will deliver another 1.5 million square feet of new industrial buildings in 2018, with industrial building sizes growing larger to accommodate the tenant demand, according to Foundry Commercial's stats.

Justin Ruby, Foundry's senior vice president of Brokerage Services, offers a look at the state of the industrial commercial real estate industry in Orlando. He also makes some predictions about the year ahead in this exclusive interview.

“Often times, a big splash in the market becomes the easiest way to describe what's happening, but in truth, e-commerce giants have impacted a lot of big box locations but the real 'splash' in the market is more about the organic growth being driven by the fundamentals,” Ruby tells GlobeSt.com. “Those fundamentals are tourism, population growth and construction growth.”