BREAKING COMMERCIAL REAL ESTATE NEWS
GREATER ORLANDO METRO
WEEK OF APRIL 13, 2020
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Pandemic leapfrogs e-commerce demand '4 years ahead' Demand for e-commerce space — the hottest industrial product in Central Florida — is expected to grow bigger post pandemic, as more Americans become comfortable with ordering online, according to developers and industrial experts. And that's important for Central Florida, which has seen millions of square feet of new e-commerce product rise in recent years from Daytona Beach to Polk County. These new projects bring temporary and full-time jobs to the area and create demand for homes, services and more.... |
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Crane Watch: $135M in industrial, apartment projects proposed Not even a pandemic is slowing down developers in Central Florida. Since March 10, roughly $135 million in commercial projects — mostly apartment and industrial developments — have been proposed in the Orlando area. Perhaps the biggest proposed project has been a 359,000-square-foot warehouse deal brewing in Lake County, which may be home one day to Seattle-based Amazon.com Inc... |
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New 105,000 SF project proposed near airport A new warehouse may rise near the Orlando International Airport - the most active industrial market in Central Florida. Dallas-based Dalfen Industrial LLC plans to develop a 105,000 SF warehouse at 4840 Hoffner Ave., according to city of Orlando records and real estate sources. The project is called Conway Logistics Center Warehouse... |
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Property sales slow down, building permits see slight uptick Orange County property sales fell dramatically week-over-week, while city of Orlando building permit applications saw an increase this week. But this past March's numbers seems on par — or even higher — when compared to March 2019... |
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86-year-old retailer moves ahead with new projects Orlando-based ABC Fine Wine & Spirits — one of the nation's biggest independent retailers of alcoholic beverages — aims to continue to build new Florida locations despite some companies pressing pause on expansion. The retailer has seen increased sales recently due to COVID-19 as stay-at-home orders shutter shops and limit service for restaurants throughout the Sunshine State. And the retailer hasn't slowed down on six future Sunshine State sites that are either under contract or about to be under contract, said Chris Quarles, director of real estate with ABC Fine Wine & Spirits. The retailer relies on cash and doesn't finance new construction... |
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Projects underway: This high-value construction work is still 'essential' Central Florida construction workers have gotten the OK to keep tossing dirt on projects. That's according to Florida Gov. Ron DeSantis’ stay-at-home order, which took effect April 3 and lasts through month’s end. The order includes construction-related activity among other essential businesses that can continue in the state... |
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