WFTV Channel 9 Orlando

We’re still seeing good activity’: Orlando office market vacancies rise

By Trevor Fraser, WFTV Staff,

2 days ago

https://img.particlenews.com/image.php?url=4C3jCt_0uUIskXl00

Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Orlando’s office vacancies continue to rise as companies sort out work-from-home policies, but new leasing activity is a sign of a strengthening market.

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Metro Orlando has seen negative absorption — meaning more space vacated or was put on the market than leased — of between 184,000 and 202,000 square feet in second-quarter 2024, representing a rise in total vacancy, according to reports from commercial brokers CBRE, JLL and Cushman & Wakefield.

The average vacancy rate of the three reports was 16.23%.

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Click here to read the full story on the Orlando Business Journal’s website.

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