Orlando Office Market Reports | Avison Young US - Orlando
Orlando office market reports
Orlando’s unemployment rate dipped slightly from the third quarter to 3% in November. Nonfarm employment showed a positive trend, increasing 1.9% year over year. Noteworthy growth was observed in specific sectors, with the education and health services industry experiencing a surge of 5.9%, while the leisure and hospitality sector experienced a 3.3% uptick during the same period.
Asking sales price
In response to a decline in demand, Orlando office owners adjusted to market dynamics, reducing the average asking price for sales by 24.8% since the end of 2022.
Despite the recent surge of new developments in Orlando in 2023, 127,000 square feet remain under construction.
Office leasing activity in Orlando decreased by 21.3% year over year to 2.4 million square feet in 2023. This decrease is a result of tenants downsizing office footprints.
Your source for the latest Orlando office market reports
Get in-depth office market reports from commercial real estate experts in the Greater Orlando area. Avison Young advisors look at Orlando commercial real estate activities and the latest Orlando statistics to provide you expert market research on Orlando's office properties.
Explore different topics like the latest office market pricing trends and analysis of Orlando's current office real estate market conditions. Gain a better understanding of Orlando’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Orlando's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Orlando.
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