ORLANDO—Major markets in Florida all reporting an uptick in industrial. But what, specifically, is going on in Central Florida and what lies ahead? We caught up with Mark Drazek, a senior vice president at CBRE Orlando, to get his take on these and other questions.

GlobeSt.com: What's the investment pulse of central Florida's industrial sector?

Drazek: We are seeing a tremendous amount of demand for high quality single tenant industrial assets in a market with very little supply. Strong credit coupled with attractive lease terms and solid fundamentals in the central Florida market is highly desirable and when found it is driving record pricing.

GlobeSt.com: What if anything has changed since the second quarter? What are the numbers not telling us?

Drazek: The strong demand and limited supply has been a consistent theme over the past 18 months. Probably the variable garnering the most attention at the moment is the rise in the US Treasuries and lending rates. But this so far has had a relatively nominal effect on pricing and demand.

GlobeSt.com: Is there a shift in a focus on class B and C asset activity in the market?

Drazek: As investor groups have continued pressure to place funds and with limited supply we are seeing them reach further into the sub A class assets and secondary and tertiary markets, although these assets are being scrutinized heavily. To mitigate the additional exposure of this asset class they are focusing on deals with solid fundamentals and strong intrinsic value.

GlobeSt.com: What lies ahead for industrial investment sales activity?

Drazek: No major shifts are expected in the next 12 to 18 months although investors and sellers will continue to monitor the lending environment very closely. Strong demand and limited supply will continue to keep pricing strong.