Orlando Office Investors Eye Suburbs, Developers Consider Downtown

Aug 02, 2017 No Comments by

JLL’s Q2 2017 Office Market Report has found that investors are eyeing Orlando’s suburban markets more and more, with 1.9 million square feet recently traded for a record of $244.6 million. It also mentioned opportunities for new developments in Orlando’s CBD, as it experiences historic lows in direct vacancy and reaches a record high in rent prices.

Moreover, there’s promise in the short-term for Orlando as two of its economic staples continue to thrive; with a continued growth in the defense contractor market and an increase in tourism, the city’s employment levels have reached a record high.

Highlights of the report include:

  • A recent flurry of sales in Maitland demonstrates healthy investor interest in Orlando.
  • Law firms downtown are uniformly subleasing space, amid changing real estate needs.
  • New contracts in the defense industry creating jobs in Research Park and the Space Coast.

The full report can be downloaded by clicking here.

 

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Industry News, NA, Office
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