What rents does small-bay command compared to large-bay?
Small-bay commands a 15–25% structural premium in every submarket. OCP published W/D average is $7.54/SF but sub-8,000 SF suites clear $13–$15/SF NNN. OCP flex achieves $15.66/SF — a 108% premium. 33rd Street OS flex: $15.77/SF. CBD/WP: $14.86/SF. West Orange: $12.39/SF (highest suburban W/D). Lake Nona: $14–$16/SF for life-science support flex.