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Q2 2022 | Central Florida Office Market Report

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Executive Summary

The nation and global economy saw their fair share of fluctuations during the quarter, from geopolitical events and increased interest rates to the ongoing war in Ukraine and recovery from the pandemic. However, signs of activity and demand for office space in the Central Florida market remained relatively constant in light of the negative economic forces globally. Orlando metro area unemployment rate hit 3.7%, falling 220 basis points (bps) year-over-year (YOY), on the addition of 91,400 jobs, for an impressive job growth rate of 9.7%. In addition, office landlords benefited from steady employment gains in sectors that positively impacted demand. Those sectors included an increase in professional and business services of 6.9% and an information services job growth of 7.3%.


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Q2 2022 | Central Florida Office Market Report

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