Commercial real estate still roars [Central Florida]
Rob Guthrie has been expecting demand to fall for the small industrial buildings he builds.
After all, a slowdown in industrial property usually follows a slowdown in the housing market, and right now, housing is in one doozy of a slowdown.
Instead, this year, Guthrie has sold out one Orange County project and is on the verge of selling out two others. The combined projects include 65 buildings worth $80 million.
“We were prepping for a slowdown,” said Guthrie, CEO of Guthrie Development Co., based in Costa Mesa. “Instead, we’re on pace to have our best year ever.”