From 2005 through 2008, Orange, Seminole, and Lake Counties have averaged just over 26 industrial building transactions over 10,000 SF per quarter which translates into just under $80 Million per quarter in sales activity.  So far in 2009 there have only been 34 transactions totaling just under $103 Million dollars, down 67% when compared to the average over the last four years.  According to Matt Sullivan, CCIM, Managing Director at Colliers Arnold, “The industrial market is struggling right now with decreasing lease rates, increasing vacancy and a substantial drop off in sales activity.”

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