Central Florida cities among fastest growing in US
ORLANDO, Fla. (AP) — When it came to population growth last year, cities in central Florida grew by stadiums. Metro Orlando grew by 60,000 residents last year, almost as large as the number of people who can fit into the city’s Camping World Stadium, where college football bowl teams face off each winter. The […]
Port Tampa Bay Finishes Deepening, Hopes for More Cargo
June 5, 2019 (ttnews.com) Port Tampa Bay completed a $63 million expansion of its Big Bend Channel a year ahead of schedule, port officials said, as the Sunshine State eyes grabbing more freight from shippers while serving a growing distribution corridor in Central Florida. The expansion deepened and widened the channel, allowing for larger ships […]
Nearly 3 million square feet of industrial space under construction in the Tampa Bay Area
Feb. 22, 2019 (Tampa Bay Times) The Tampa Bay area, home to a huge Amazon warehouse, continues to grow as a regional distribution center. More than 2.8 million square feet of industrial space was under construction in the Tampa Bay area at the end of 2018 as the area continues to grow as a regional […]
New Commerce
(www.businessobserverfl.com) Online shopping is changing the industrial real estate sector in Southwest Florida. Although it is often associated more with the Interstate 4 Corridor, between Tampa and Orlando, e-commerce-fueled logistics have also taken hold in Southwest Florida. There, Amazon, Wayfair and others are snatching up prime industrial properties and sites for so-called “last mile” distribution […]
Market Spotlight: Tampa Bay Industrial
(businessobserverfl.com) The Tampa-area industrial market has been among the most active along the Gulf Coast for the past five years, driven largely by population influx, changes in distribution protocols and the rise of online shopping. Although overshadowed by Lakeland and other area in Polk County along the Interstate 4 Corridor because of its centralized location, […]
Port Tampa Bay wins nearly $20M to expand container terminals
Jun 16, 2020 (bizjournals.com) Port Tampa Bay has won a nearly $20 million grant to help expand its container terminal with a new berth at its Hooker’s Point property. The port received a $19.8 million grant as part of the U.S. Department of Transportation’s Nationally Significant Freight and Highway Projects Infrastructure for Rebuilding America program. The […]
Colliers ranks I-4 Corridor among top industrial spots in U.S.
(businessobserverfl.com) The swath is one of 10 “emerging markets” for distributors. Commercial real estate brokerage firm Colliers International has ranked the Interstate 4 Corridor as one of the fastest-growing industrial markets in the nation. In a report titled “The Top 10 Emerging Industrial Markets” the corridor from Tampa to Orlando came in second only to […]
More than 5.2 million people will call Central Florida home in 2030, report estimates
Mar 30, 2019 (orlandoweekly.com) As part of the 2019 Orange County Regional Economic Summit on Friday, a panel of local leaders noted some of the large-scale changes coming to the region in the Orlando Economic Partnership’s 2030 report. The 2030 report projects that Central Florida will add roughly 1,500 people per week, buoying the population to over 5.2 million […]
How Long Can Central Florida’s Warehouse Boom Last?
Aug 23, 2019 (www.bizjournals.com) Central Florida’s industrial market is white hot, and brokers say there’s sustained, diverse demand for the millions of square feet under construction Continue reading, bizjournals.com
Central Florida Industrial Development and Sales Spike in Q1
May 1, 2020 (worldpropertyjournal.com) Real estate consultant Newmark Knight Frank is reporting this week that Central Florida industrial market saw modest growth in demand with over 325,000 square feet of positive net absorption recorded in the first quarter of 2020. The warehouse/distribution segment accounted for over 70% of the region’s absorbed space, while general industrial […]
