GlobeSt.com UPDATE: Brokers Bullish on Third-Quarter Office Leasing

ORLANDO-Central Florida’s 29 million-sf office market has joined the company of Miami, Fort Lauderdale and West Palm Beach with vacancies topping the 12% mark. But area leasing specialists are bullish on the third and fourth quarters. Things are looking up, they tell GlobeSt.com.

“The third quarter should be better than the first and second quarters, and the fourth quarter should be stronger than the first three quarters,” says senior office broker Jason Kaiser at Trammell Crow Co.

Christopher T. Sproles, a first vice president at CB Richard Ellis Inc., says, “In general, even though things seem a little slow and there is a lot of sublease space on the market, we are still in a relatively healthy position.”