What are industrial rents in the SR-528 corridor?
The Regency/Turnpike/Beachline submarket — the tightest bulk industrial node in the metro at 2.5% vacancy — averages $10.92/SF NNN for warehouse/distribution. Modern Class A+ delivery in the Innovation Way/SE Orange area should achieve $10.50–$12.00/SF NNN on new leases at delivery, with 3–4% annual escalations standard in current lease structures. The Airport/Lake Nona submarket immediately to the north averages $9.63/SF NNN for standard W/D but achieves $14–$18/SF for specialized life-science and GMP-ready product. Bulk institutional tenants (Amazon, FedEx, 3PLs) underwrite $10–$12/SF NNN as the market-clearing rate for modern 40'+ clear cross-dock product in this corridor.