Orlando office market reports
Q1 2024
The Orlando unemployment rate as of January 2024 sat at 3.2%, up 20 basis points from last quarter but still notably lower than the 3.9% national average. Orlando’s nonfarm employment saw a 1.8% year-over-year increase, with leisure and hospitality employment up 2.9% over that time.
Trophy property rents
Trophy properties have seen recent significant hikes in asking rent as employers seek top-quality assets to incentivize the return-to-office movement.
Office-using job postings
Job postings for office-using jobs saw a 21.8% increase since last quarter, ending a streak of seven consecutive quarters of decreasing postings.
Class A absorption
Class A buildings held a strong quarterly absorption of 288,000 square feet, driven by BNY Mellon occupying 203,000 square feet at Colonial Center 600.
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Get in-depth office market reports from commercial real estate experts in the Greater Orlando area. Avison Young advisors look at Orlando commercial real estate activities and the latest Orlando statistics to provide you expert market research on Orlando's office properties.
Explore different topics like the latest office market pricing trends and analysis of Orlando's current office real estate market conditions. Gain a better understanding of Orlando’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Orlando's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Orlando.
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