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Cresa Orlando Reports Full-Swing Office Recovery Underway

ORLANDO-It’s becoming increasingly difficult to find blocks of space spanning 15,000 square feet or more in Orlando's CBD.

By Jennifer LeClaire | Updated on January 26, 2012

ORLANDO—Central Florida’s office market spans 99 million square feet—and it’s been under significant pressure over the past three years. But CresaPartners is seeing a sea change in Central Florida.

Indeed, in the fourth quarter Orlando’s overall vacancy rate continued to decline, posting the sixth straight quarter of positive net absorption. Vacancy rates are down about 20% from three years ago, according to Cresa Orlando and it’s becoming increasingly difficult to find blocks of space spanning 15,000 square feet or more in Orlando’s Central Business District.

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