In the fourth quarter of 2016, the overall vacancy rate was 10.8%, a decline of 440 basis points from the fourth quarter of 2015, according to CBRE. In the fourth quarter, 380,878 square feet of net absorption occurred, driven by leasing in the Lake Mary area. The average asking rental rate stood at $20.42 per square foot, up $0.11 from the fourth quarter of 2015.

Willerer was a 2016 NAIOP Future Leader. She served as a member of the NAIOP Georgia chapter and was a member of the Atlanta Commercial Board of Realtors. She earned a Bachelor of Science in Psychology from the University of Central Florida. She is a licensed Real Estate Sales Associate in the state of Florida.

Franklin Street opened its Orlando office in May. Since then, the firm has recruited nearly a dozen professionals. Meanwhile, a $1 billion transit-oriented development is rising in Downtown Orlando.

MIAMI—Nicole Willerer has switched allegiances. The rising commercial real estate star has joined Franklin Street's Orlando office as a director of office leasing.

Willerer comes to Franklin Street from Cousins Properties, where she served as an associate. Her team was responsible for leasing 5.6 million square feet of class A office space.

Earlier in her career, she worked with Parkway Properties, assisting the leasing team through prospecting, sales calls, proposals and financial analysis. At Franklin Street, she will focus on landlord representation in the office sector for clients throughout Central Florida. She will also work with tenants throughout the office market to identify their future and current occupancy needs and implement a strategy for clients to align their space needs with their business goals.

“Central Florida is poised for considerable population and job growth—there is a lot of opportunity to work with clients to effectively identify and meet their business objectives,” Willerer tells GlobeSt.com. “Landlords are continuing to invest in their assets, demonstrating a commitment to the overall improvement and life of the Orlando office market.”

In the fourth quarter of 2016, the overall vacancy rate was 10.8%, a decline of 440 basis points from the fourth quarter of 2015, according to CBRE. In the fourth quarter, 380,878 square feet of net absorption occurred, driven by leasing in the Lake Mary area. The average asking rental rate stood at $20.42 per square foot, up $0.11 from the fourth quarter of 2015.

Willerer was a 2016 NAIOP Future Leader. She served as a member of the NAIOP Georgia chapter and was a member of the Atlanta Commercial Board of Realtors. She earned a Bachelor of Science in Psychology from the University of Central Florida. She is a licensed Real Estate Sales Associate in the state of Florida.

Franklin Street opened its Orlando office in May. Since then, the firm has recruited nearly a dozen professionals. Meanwhile, a $1 billion transit-oriented development is rising in Downtown Orlando.