Figures
Orlando Office Figures - Q1 2024
April 5, 2024 5 Minute Read
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- Positive absorption totaling 138,452 sq. ft. in the start of 2024 brought down the vacancy rate 60 bps quarter over quarter.
- The current construction pipeline is empty with only a handful of proposed projects in discussion and no clear timeline as to when they will move forward.
- Average direct asking rents across Orlando sit at $27.06 per sq. ft., up a modest 0.9% year over year.