Office downsizing in Orlando continues as hybrid work is here to stay

chart of office lease comps by deal size in square feet from 2022 to 2023 in Orlando, Florida
  • Orlando office tenants downsized footprints by 23% year-over-year, with an average lease size of 4,000 square feet.
  • Deal volume has rebounded to pre-pandemic levels, totaling 685 office leases in 2022.
  • Companies continue downsizing their footprints and upgrading to highly amenitized buildings to improve the office environment as employees return on a hybrid basis.

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US-FL-ORL Orlando