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Orlando Submarkets Seeing Diverse Office Deals

ORLANDO-Anne Deason Spencer, vice president of the Office Services Group at Grubb & Ellis, tells GlobeSt.com that activity in some Orlando submarkets is picking up despite major homebuilders vacating space.

By Jennifer LeClaire | Updated on November 16, 2010

ORLANDO-Orlando’s office market may be bouncing along the bottom, but some submarkets are beginning to show signs of life. Grubb & Ellis just inked two office deals in separate Orlando submarkets that could represent a trend in the making.

Anne Deason Spencer, vice president of the Office Services Group at Grubb & Ellis, negotiated long-term leases in the Airport and Millenia submarkets that signal the days of free rent may be coming to an end. Spencer represented the Devereaux Foundation in a 17,529-square foot lease in the Airport submarket and Currency Exchange in a 3,944-square foot lease in the Millenia submarket.

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