Avison Young Takes Orlando By Storm

Avison Young was named the exclusive agent to broker the sale of Tradeport Industrial Park Development Site. Tradeport is located at 3650 8th Street in Orlando. Avison’s David Duckworth, vice president of Investment Sales, will market the 177-acre industrial site. The assignment marks the firm’s first entrance into the Orlando market. Tradeport is in the Southeast Orange County Industrial submarket. The site is next to the Orlando International Airport, the nation’s 13th busiest airport. The industrial asset surrounded by Florida’s most highly traveled roadways—Florida’s Turnpike, Interstate 4, and the Central Florida Greeneway—and miles away from significant redevelopment in Downtown Orlando. “The Southeast Orange Industrial submarket is the largest submarket within the Orlando MSA,” says Duckworth. “It has experienced dynamic absorption over the past three years, and at the current pace, demand will soon exceed the supply of functional product making the Tradeport Industrial Park Site a very attractive opportunity.” The Orlando MSA’s industrial market occupancy rates have increased by 380 basis points since 2009 to 90.1% as of mid-year 2013. The Southeast Orange industrial submarket also remains on an accelerated trajectory, increasing a substantial 690 bps since 2009 to 89% as of the second quarter of 2013.]]>