Orlando office market reports

Q1 2023

Orlando’s office market continues to experience growth in sublease availability as companies resize their footprints for hybrid work. However, the downsizing trend has resulted in the slowest quarter of the post-Covid era for leasing activity. Investment sales struggled during the first quarter, with $9.75 million in sales volume.

1.7 msf

Class A absorption

Sublease availability is continuing to increase among class A office buildings, with 43% of the 82 large blocks being sublease spaces.

410k sf

Leasing activity

Office leasing activity slowed to the second-weakest amount since 2008, down 34.9% from 2008 to the first quarter of 2020, and down 43.4% from post-Covid averages.



Office investments have continued to lag amid rising interest rates and lending challenges, with 2023’s annual volume on pace to match the 2011 to 2012 average.

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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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