Orlando office market reports

Q3 2024

In August, Orlando’s unemployment rate was 3.6%—its highest level since the start of 2022, yet still lower than the national average of 4.2%. Total nonfarm employment is up 1.6% year over year, boosted by increases in education and health services employment by 3.1% and leisure and hospitality employment by 1.1% over that time. Meanwhile, financial activities employment has experienced a 1.3% decline in employment year over year.

1.9 msf

Leasing activity

The current year-to-date leasing total of 1.9 million square feet is the lowest figure through three quarters since 2020 and represents a 9% decrease year over year.

2.4%

Return-to-office rates

Orlando has seen a 2.4% increase in return-to-office rates since last year, with more employees coming in on Thursdays and Fridays when traffic is more manageable.

$27.43 psf

Asking rates

Average asking rates have stabilized in Orlando, with the current average of $27.43 per square foot (psf) FS representing a 1.2% increase over the past two years.

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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.