ORLANDO—As the year was windingdown, Steven McCraney, CEO and president of McCraneyProperty Company, saw asignificant amount of large industrialleases being signed and a number oflarge parcels being sold for development in the past month. Much ofthis activity is taking place in Central Florida, the hub ofdistribution for the State.
"While most years we see the activity begin to dwindle near year's end, it was surprising to see so many transactions come together as the year rolled to a close," McCraney tells GlobeSt.com. "It is a good sign that demand and the strength of the market will continue in 2016."
McCraney reports industrial lease rates are still not at the highs of 2006 and 2007. That means there is still room for growth. However, he doesn't anticipate seeing rates rising much higher in the new year as they are currently.
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