In 2017, Orlando placed more restrictive zoning and design guidelines on self-storage developments. Since 1990, the number of storage properties in Central Florida has nearly doubled, hitting 293 this year.Ĭory Sylvester, a principal with Radius Plus, which tracks trends in the storage business, said although the market is showing signs of over development - falling rents for storage units and more vacancies - the Orlando market is at the top of a growth cycle with few signs of slowing down. Yardi ranks the Orlando market as one of the hottest areas for storage companies to build right now, only behind Phoenix and Seattle, due in large part to 1,500 people who move to Central Florida every week. Outside Orlando city limits, several other storage developments are underway. Lee factory and bowling alley.Īnd in north downtown, Liberty Investment Properties is constructing a 106,660-square-foot facility on North Magnolia Avenue and East Colonial Drive, replacing a women’s shelter next to the Orlando Sentinel newsroom. In the Milk District, Titan Properties is working on a 99,000-square-foot building on East Livingston Street and North Primrose Drive next to the T.G. In the SoDo neighborhood, near Sligh Boulevard and West Gore Street, Cedarwood Development razed a row of old warehouses to build a six-story, 121,000-square foot facility. Despite several projects underway in Orlando, Jason Burton, assistant city planning division manager for the city, said there hasn’t been a deluge of developments.
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