Skip to main content Skip to footer

Q2 2021 Central Florida Office Market Report

Download Report

Executive Summary

With over 94% of the U.S. reopened in some capacity, the Orlando MSA GDP began to show positive growth, with a 15.4% year-over-year change. The U.S. 10-Year treasury fell slightly below 1.5%, after strong economic growth during the start of the year. Florida, one of the first states to reopen, continued to see a growth in population, an increase in business activity, and declining unemployment. At the height of the COVID shutdown, the Orlando MSA unemployment level rose substantially, up to 22.6%, but has since fallen to 5.9%, marking the most significant gains in the state. In addition, office-using employment rose during the quarter, adding over 15,000 jobs, which increased demand for office space. The expansion in the local office market, coupled with growth in employment, demonstrates the long-term stability of the Orlando MSA.


CFLOfficeQ22021

Q2 2021 Central Florida Office Market Report

Download Report