ORLANDO—Statewide, asking rental rates for class A office space increased 5.4% over the past year on strong leasing activity and absorption. That's according to Cushman & Wakefield's 3Q 2015 Florida Statewide Rental Report (FLRR).
That's not controversial, but what is drawing emotion from at least one broker is the assertion that Orlando saw a slight decrease. CushWake says that reflects the fact that several blocks of premium space were leased this year, removing those properties' higher asking rental rates from the market's calculations.
Phil Marchese, vice president in the Orlando office of Flagler, takes exception with the research. In fact, he told us, it's ridiculous.
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