Orlando Office Figures - Q2 2026

The market in Q2 2026 recorded positive net absorption of 43,000 sq. ft., a sharp moderation from the 200,000 sq. ft. gain in Q1 2026 but a clear improvement from the negative 49,000 sq. ft. in Q2 2025. Vacancy edged down by 10 basis points quarter-over-quarter to 16.8%, while the availability rate rose slightly to 20.5%, still below the 21.8% recorded in Q2 2025.

Year-to-date, the market has absorbed 243,000 sq. ft. through Q2 2026, a marked turnaround from the negative 32,000 sq. ft. over the same period in 2025, signaling materially stronger occupier demand. Construction activity is limited, with 40,000 sq. ft. under way and 30,000 sq. ft. delivered in Q1 2026, keeping new supply modest and placing more focus on re-leasing existing inventory for both occupiers and investors.

During the current quarter, the three largest new leases captured in this sample total 139,000 sq. ft., underscoring sizable tenant commitments across key suburban submarkets. In Lake Mary/Heathrow, a large finance company leased 44,000 sq. ft. and VentureX committed to 27,000 sq. ft., together accounting for 71,000 sq. ft. of new leasing in that submarket.