Small users are scrambling to find 25,000-sf to 50,000-sfbuildings. The bulk of the 1.4 million sf in new third-quarterconstruction in metro Orlando will serve flex-space users andlarge, 150,000-sf-plus warehouse/distribution tenants.
"The market is in a Catch-22 situation," Michael Shelton, vicepresident of Grubb's Orlando industrial services group, tellsGlobeSt.com. "Despite the continuation of the prosperous economyand a plethora of new construction deliveries, small buildings forlease and for sale are in short supply."
Experiencing the most shortages for this product are theSouthwest, 33rd Street and Sanford submarkets. With no alternative,users are taking the build-to-suit route, the report states.
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