Nine of the 13 markets monitored by C&W showed positivedirect net absorption. The overall vacancy level among 1,697buildings checked by the brokerage was 11.5%, down from 14%-rangerankings earlier last year.
"Second-quarter numbers suggest the market appears to havebottomed and is now turning toward a trend of positive growth,"says Larry D. Richey, Cushman & Wakefield's senior vicepresident and managing broker for the Central Florida region."Unlike the Orlando office market, the industrial market neverencountered a supply and demand imbalance that has negativelyimpacted the office sector."
There is 1.8 million sf under construction marketwide.Build-to-suit space accounts for 1.3 million sf of that total.
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