Central Florida Cap Rates
Melbourne & Space Coast Cap Rates
Melbourne and the greater Space Coast form Brevard County's commercial hub, anchored by aerospace and defense contractors. L3Harris Technologies, Collins Aerospace, and the broader space industry drive demand for office, flex, industrial, and multifamily.
Melbourne & Space Coast Cap Rates by Asset Class
| Asset Class | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Class A Office | 7.25% - 8.5% | → Stable | Defense contractor tenants provide stability. |
| Flex/Industrial | 6.75% - 8.0% | ↑ Firming | Aerospace manufacturing drives spec demand. |
| Multifamily | 5.5% - 6.5% | → Stable | Workforce housing absorption remains strong. |
| Neighborhood Retail | 6.75% - 8.0% | → Stable | Population growth supports new retail. |
Cap rate ranges are directional estimates based on Central Florida transactional data and are updated quarterly. For deal-specific pricing, contact MaxLife Realty for a current valuation.
What Drives Demand in Melbourne & Space Coast
- •L3Harris Technologies HQ — 5,000+ employees in Melbourne
- •Collins Aerospace, Northrop Grumman, Embraer manufacturing
- •Melbourne Orlando International Airport (MLB)
- •SpaceX and Blue Origin activity at Cape Canaveral
Melbourne & Space Coast Cap Rate Outlook
The Space Coast continues to benefit from aerospace and defense investment. Cap rates reflect the market's smaller scale compared to Orlando, but fundamentals are strengthening as SpaceX and Blue Origin activity drives population and job growth. Flex and industrial space are the most sought-after asset classes.
Other Central Florida Submarkets
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