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Q3 2022 | Central Florida Office Market Report

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The Central Florida Office Market continued to experience a slow down in activity as stagnant economic conditions further impacted the local economy.

Key Takeaways

  • The wait-and-see approach, driven by the unpredictability of the current market has caused many investors to pause on office acquisition or disposition activity.
  • 2.3M sq. ft. of available sublease space year-to-date was the highest amount of space added to the market in over a decade; however, the amount added each quarter has decreased.
  • Third-quarter lease transaction activity has fallen 13.6% since 2019, albeit an uptick in leases being negotiated over the summer is expected to create an uptick in completed transactions during the fourth quarter.

CF Office 22Q302

Q3 2022 | Central Florida Office Market Report

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