Orlando Region: Construction and Real Estate

Florida Trend

Construction News - FINFROCK discusses the boom in commercial building projects, more than 1 million additional square feet of construction was announced.Construction News - FINFROCK discusses the boom in commercial building projects, more than 1 million additional square feet of construction was announced.
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“It’s a good time to be here.”

With $10 billion-plus in infrastructure projects underway, there’s a lot of commercial construction happening in Orlando. The highlights, of course, are I-4 Ultimate’s highway remake and the expansion of Orlando International Airport.

 

Yet, there’s much more.

 

Near the end of 2018, approximate tallies for commercial building showed continued steady increases for both permitting and actual work — with the office market exhibiting a decline in vacancy rates to below 8%, along with higher rents, and much of the same promise occurring on the industrial-market side. Just in downtown Orlando, more than 1 million additional square feet of construction was announced — bolstered by the rise of Creative Village.

 

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