All of the activity was in suburban Maitland, FL, the area's second largest office submarket at 5.8 million sf after Downtown Orlando at 6.4 million sf.

Crow's largest deal was America Online's four-year, 47,000-sf sublease brokers Jason Schrago and J. Paul Reynolds handled for primary tenant Morgan Stanley Dean Witter at Maitland Promenade One, 2300 Maitland Center Parkway. Schrago had represented Dean Witter in the firm's original 10-year lease.

The estimated aggregate value of the sublease deal was $2.82 million, based on an estimated rent of $15 per sf. Crow statistics show average quoted class A rent in Maitland is $20 per sf. But ColliersArnold puts the average rent at $16 per sf in its third-quarter analysis.