Report | Orlando Office Insight - Q4 2015
Orlando’s overall market stability—led by the city’s low cost to do business and a deep talent pool—is leading to a major tech boom which has also been a big boost to the local real estate industry. So what’s the biggest need for companies in the market going into 2016? Large blocks of space.
2015’s most active submarkets (CBD, Southwest and Lake Mary) all saw major decreases in large, quality space as big tenants like CVS Pharmacy, CNA Insurance and Webster University leased more than 250,000 square feet of Class A space in total. We expect rental rates to continue to rise going forward as new companies fight over this increasingly dwindling supply.
Learn more about what’s happening—and what we expect to occur in the coming months—across the Orlando office market in our Q4 US Office Insight.
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