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Orlando Office Figures - Q2 2023

July 6, 2023 5 Minute Read

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  • The second quarter of 2023 saw 41,646 sq. ft. of negative absorption, increasing the total vacancy rate to 15.0%.
  • Two current office projects completed construction and added 347,620 sq. ft. to the Orlando office inventory.
  • Average direct asking rents across Orlando rose to $26.75, while peak asking rents are seen Downtown at an average of $32.07 across the submarket.