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United States | Orlando, FL

Report | Orlando Office Insight - Q3 2015

Summary

Today’s market is out of equilibrium, with office products trading below construction costs. The current average cost to develop an office building in the CBD is about $350-per square foot and about $250-per square foot in the suburban submarkets. This quarter’s highest transaction, on a per square foot basis, involved Millenia Lakes I, II and III, which traded at $208 per square foot—a figure about 20.0 percent below its initial cost to build. 

Learn more about what’s happening—and what we expect to occur in the coming months—in the Orlando office market.

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