ORLANDO—Central Florida's commercial real estate market may not see the same level of interest as South Florida, but it's certainly turning heads. From Orlando to Tampa and in submarkets along the Interstate 4 Corridor, Central Florida is attracting savvy investors and developers on the office, retail, multifamily and industrial front.

“As Central Florida has seen a flurry of activity this year, the job market continues to expand and unemployment rates are dropping,” C. Lawson Dann, senior vice president of Avison Young in Orlando, tells GlobeSt.com. “As a result, the capital and investment markets continue to look attractive to institutional and private investors driving the multifamily, retail, office and industrial sectors.”

The Fed is also on Central Florida's side. With only small anticipated interest rate adjustments, the Central Florida investment market looks to hold strong for the next six to eight quarters, according to Dann. While anything could happen—X factors could arise to derail the market—Central Florida appears to be poised to continue its run.

“The commercial real estate market in Tampa is clicking on all cylinders right now,” says Trey Carswell, a principal at Avison in Tampa. “Investment demand is starting to outpace supply in office and industrial. The lack of large blocks of quality space for users requiring 70,000 square feet and above creates an opportunity for developers to meet growing demand. Additionally, there is an added appeal for investors in Tampa as new companies continue to enter the market.”