Orlando Office Market

The Orlando office market includes Orange, Seminole, Osceola and Brevard counties. At year-end 2007, 89.4 percent of the 55.9 million square feet in total inventory was occupied. 2007 produced positive absorption of 411,000 square feet, with approximately 2.5 million square feet under construction. Total market weighted asking lease rates averaged $22.63 per square foot, while downtown office space averaged $26.46 per square foot.