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ORLANDO-Rebman Properties Inc. reports that Q2 warehouse statistics show vacancies topping out at 27%, up 4% from the first quarter of 2009. An article in the Orlando Sentinel also noted that rental rates dropped as well; from $4.57 per square foot during the first quarter to $4.52 per square foot by the end of Q2.

Greg Rebman, vice president for Orlando-based Rebman Properties did acknowledge in the article that second quarter was marginally stronger than the first quarter of 2009. However, he added, the period still goes on record as being one of the worst in recording history, he pointed out.

The Sentinel said the Rebman Properties survey found Orlando Central Park and the Orlando International Airport area particularly hard hit. Brokers interviewed for the report indicated the market is likely to turn the corner in early 2010, the article noted.

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