Sentinel report on commercial lease rates

   This report from the Orlando Sentinel: "While there's no shortage of empty industrial space in the Orlando area, the region is showing signs that point to a recovery. A second-quarter report by CB Richard Ellis noted that corporate users are taking advantage of market conditions by negotiating long-term leases at aggressive rental rates. Landlords continue to offer concessions and historically low rental rates as they compete for tenants able to commit to long-term leases.
   Orange, Seminole and Osceola counties had a 16.3 percent overall vacancy rate for industrial space in the April-through-June period. Vacancies were highest in southeast Orange, at 23.6 percent, while northeast Orange had the lowest rate, 6.8 percent, the report stated.
   It also cited an increased number of owner-users actively looking for buildings to acquire, with the expectation that building sales will slowly increase. A majority of prospective buyers are interested in buildings from 20,000 to 50,000 square feet, though a few are shopping in the 100,000- to 250,000-square-foot range."