Investment sales on the Space Coast.
Multifamily and industrial dispositions across Brevard County, from Titusville to Palm Bay.
High Peaks Capital Advisors is a multifamily and industrial investment sales brokerage serving Florida's Space Coast. We represent owners of apartment and industrial property throughout Brevard County — including Melbourne, Palm Bay, Titusville, Cocoa, and Viera — on dispositions, valuations, and off-market placement.
Brevard County has more than 36,000 aerospace workers, has added over 60,000 residents since 2020, and has run a shortage of development-ready industrial sites since 2014. It is the least institutionally brokered market we cover, which is precisely why we cover it.
Aerospace employment, population growth, and industrial land constraint: Brevard County economic development reporting and regional commercial real estate market commentary, 2026. Blue Origin Project Horizon figures: company announcement.
$98,000 average salaries change the rent math.
The Space Coast's demand story rests on something Orlando's does not: high-wage industrial employment rather than hospitality and tourism. SpaceX, Blue Origin, L3Harris Technologies, and Northrop Grumman together support more than 36,000 aerospace jobs in Brevard County, and the county has added over 60,000 residents since 2020.
The wage level is the part that matters for an apartment owner. Blue Origin's Project Horizon expansion alone announced 500 new positions at an average salary of $98,000. A tenant base earning that supports a rent level and a credit quality that a tourism-wage market cannot, and it is far less cyclical.
L3Harris is headquartered in Melbourne. Titusville sits closest to Kennedy Space Center and Cape Canaveral. SpaceX is hiring engineers, welders, and operations staff across multiple active construction sites simultaneously.
Scarcity that predates the current cycle.
Brevard County has faced a critical shortage of development-ready industrial sites since 2014, and expansion in the aerospace and defence sectors is now outpacing the available real estate. Demand for flex space and light manufacturing is described by regional brokers as being at an all-time high.
For an owner of existing industrial or flex product, this is the entire pitch. New competing supply cannot easily be built, and the tenant demand is expanding. That combination is rare, and it is worth far more in a marketing process than a generic growth narrative.
The I-95 corridor is the commercial spine of the county, connecting Titusville, Cocoa, Melbourne, and Palm Bay.
- Melbourne
- Palm Bay
- Titusville
- Cocoa
- Rockledge
- Merritt Island
- Viera
- Satellite Beach
- Cape Canaveral
Melbourne and Palm Bay form the population and employment centre of the county in the south, anchored by L3Harris. Titusville and Cocoa sit closest to the launch infrastructure at Kennedy Space Center and Cape Canaveral. Viera is the newer master-planned growth corridor. Industrial and flex product concentrates along I-95 and the arterials feeding the launch complexes.
Brevard County multifamily is thinly covered by the major research houses. We were unable to verify reliable metro-level apartment vacancy or cap rate figures from a primary source, and we have chosen not to publish estimates we cannot stand behind.
The employment, population, and land-constraint figures above are well documented. Where a specific asset prices requires actual comparable transaction data, which we pull per assignment rather than generalising from a market average that may not exist.
We would rather tell you what we do not know than publish a number that fails in diligence. If you want a defensible valuation on a Space Coast asset, that is a conversation with underwriting behind it, not a website statistic.
- Representation that matches the asset. Many Brevard owners have never had an institutional-quality marketing process run on their property. The gap between a local listing and a targeted capital-markets process is widest in exactly this kind of market.
- Scarcity value that is not obvious from a rent roll. A twelve-year constraint on developable industrial land is a valuation argument, and it needs to be made explicitly to buyers who do not know the county.
- A wage story that needs telling. Out-of-market buyers price Brevard off Florida averages. The aerospace wage base is the counterargument, and it is quantifiable.
- Insurance, as everywhere on the Florida coast. Stabilising, and improving the financeability of coastal assets. See the Florida overview.
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How has the space industry affected Brevard County property values?
The aerospace sector supports more than 36,000 jobs in Brevard County across SpaceX, Blue Origin, L3Harris, and Northrop Grumman, and the county has added over 60,000 residents since 2020. Blue Origin's Project Horizon expansion alone announced 500 positions at an average salary of $98,000.
The distinguishing feature versus the rest of Central Florida is wage level. A high-wage industrial employment base supports rent levels and tenant credit quality that a tourism-wage market does not, and it is considerably less cyclical.
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What is my Melbourne or Palm Bay industrial property worth?
Brevard industrial values are supported by an unusual condition: the county has faced a shortage of development-ready industrial sites since 2014, while aerospace and defence expansion continues to outpace available real estate. Constrained new supply against growing demand is a strong position for an existing owner.
We do not publish a per-square-foot figure for this market because we have not been able to verify one from a primary source, and an unverified number would not survive diligence. A broker opinion of value carries no cost or obligation — get in touch and we will underwrite the actual asset.
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Is the Space Coast a better market than Orlando for investors?
They are different propositions. Orlando is a large, liquid, well-researched market currently recovering from a major supply wave, with abundant comparable data and a deep buyer pool. The Space Coast is smaller and thinner on published data, with a higher-wage employment base and a genuine constraint on new industrial supply.
For a seller, the practical difference is buyer reach. Orlando assets find buyers through conventional channels. Space Coast assets frequently do not, which is where a targeted process makes the largest difference to outcome.
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Do you cover all of Brevard County?
Yes — the I-95 corridor from Titusville and Cocoa in the north through Rockledge, Viera, and Merritt Island to Melbourne, Palm Bay, and Satellite Beach in the south.
We take a deliberately limited number of assignments so each one is led personally by Derek Carroll rather than passed to a junior broker. If we are not the right firm for a particular property, we will tell you that directly.
Sources. Aerospace employment, population growth, wage figures, and the industrial land constraint are drawn from Brevard County economic development reporting, company announcements, and regional commercial real estate market commentary published in 2026. Metro-level multifamily vacancy and cap rate data for Brevard County could not be verified from a primary research source and is deliberately omitted.
Market figures on this page are drawn from third-party research and public records and are cited to their sources. They are provided for general information, are current only as of the dates indicated, and will change. Nothing here is legal, tax, or investment advice, and nothing here is an offer to sell or a solicitation of an offer to buy any security or service. Regulatory summaries are general descriptions of published law, not a determination of how any statute applies to a specific property — consult counsel before acting.
Every Space Coast assignment is led personally by Derek Carroll.
Initial conversations are confidential and obligation-free. If a sale is not the right move, we will tell you that.
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