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Everything you need to know about homes in the area.
The average price per square foot for commercial real estate in Orange County varies based on property type and location. For office spaces, prices range between $25-$45 per square foot annually, while retail spaces may vary between $20-$60 per square foot.
Orange County offers a wide variety of commercial real estate options, including office spaces, retail spaces, industrial warehouses, mixed-use developments, medical offices, and hospitality properties such as hotels.
Prime areas for commercial real estate investment in Orange County include Downtown Orlando, Winter Park, Lake Nona, and the International Drive (I-Drive) corridor. These areas are known for high traffic, strong economic growth, and proximity to major attractions and amenities.
The property tax rate in Orange County is typically around 1.1-1.5% of the assessed property value. However, specific rates may vary depending on the location and type of property, including any applicable exemptions or special assessments.
Yes, Orange County has zoning regulations that dictate how commercial properties can be used. Zoning categories include retail, office, industrial, and mixed-use. It’s important to check local zoning laws to ensure the property you’re interested in aligns with your intended use.
The commercial real estate market in Orange County has shown steady growth, driven by population expansion, tourism, and business development in key sectors such as healthcare, technology, and hospitality. Vacancy rates have been decreasing, and demand for industrial and retail spaces remains strong.
Financing options for commercial properties include traditional bank loans, Small Business Administration (SBA) loans, commercial real estate loans from private lenders, and crowdfunding. Interest rates and terms vary based on the lender and the borrower’s financial situation.
Yes, Orange County offers various incentives, especially for businesses that create jobs or invest in certain areas. Examples include tax abatement programs, impact fee exemptions, and state-level incentives like the Qualified Target Industry (QTI) Tax Refund program.
The average lease term for commercial properties in Orange County typically ranges from 3 to 10 years, depending on the property type and location. Longer lease terms are more common for office and retail spaces, while industrial properties may offer shorter terms with renewal options.
Buyers should consider the property’s location, zoning regulations, traffic patterns, proximity to major transportation hubs, local market trends, and potential for future development. Additionally, factors like property condition, lease potential, and operating expenses should be closely evaluated.
I am the principal of THE TAB BISH GROUP a 30-plus-year culmination of best-in-class training, education, service, and an all-encompassing view of real estate. This pairing of formal and informal training began at the kitchen table as my grandfather taught us lessons in math and science every visit and an example in every way of how to be a man, care for your family, and to take the path less traveled. He was a true entrepreneur; I thank him for all the gifts he instilled in me and attribute my success to that great man.
