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Orlando Office Figures - Q3 2023

October 10, 2023 5 Minute Read

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  • Negative absorption of -165,942 sq. ft. during the third quarter pushed market-wide vacancy up 40 basis points to 15.4%.
  • Two fully leased office projects totaling 357,255 sq. ft. will deliver early in the 4th quarter, emptying the construction pipeline by years end.
  • Average direct asking rents across Orlando sit at $26.24 per sq. ft., up just 1% year-over-year.