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2020 Q4 Orlando Florida Office Market Report

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A Year of Unique Challenges

The Central Florida office market faced one of the most unique and challenging years in recent memory. With the backdrop of a global pandemic, as well as a heated and contentious political environment, the local markets felt the impacts throughout 2020. Overall leasing activity fell nearly 46% to 2.8 million square feet in 2020 compared to the average yearly leasing activity of 5.3 million square feet. Similarly, investment activity declined by nearly 60% in 2020 to a total of $323 million of total volume compared to an average year that experiences over $800 million in transaction volume. Vacancy increased to 9.2% from 8.8% in the previous quarter and 7.5% from this period one year ago. Sublease space available in the market grew, nearly double the amount from the fourth quarter of 2019.


Office Market Report

2020 Q4 Orlando Florida Office Market Report

Download Report