ORLANDO—Orlando's healthcare and technology industries are on a rapid growth track. It's against that backdrop that AssistRx, a healthcare software company that provides technology solutions, has inked a 20,000-square-foot office deal at Millenia Lakes office park.

Based on strong growth, the business is expanding its footprint and presence within the office park. AssistRx will now occupy the entire 4th floor at the Millenia Lakes office building.

"We are expanding our corporate headquarters in Orlando to accommodate our rapid growth and success," says Jeff Spafford, president and CEO of AssistRx. "The company has now expanded its presence in one of the strongest suburban markets in the Orlando area and within walking distance to many amenities, including The Mall at Millenia, which our growing team can continue to enjoy."

JLL vice presidents Joe Hills and Nick Poole represented the tenant in the transaction. Jeff Sweeney and Cindy Schooler of Cushman & Wakefield represented the landlord.

"With a growing demand in Orlando's suburban market, AssistRx wanted to stay in Millenia Lakes and expand within the same office park," says Hills. "We worked closely with the tenant from an early stage to accommodate the anticipated growth needs without moving office locations. AssistRx is a success story in our business community and a testament to Orlando's booming healthcare and technology industries."

Located in Orlando's suburbs, Millenia Lakes is a class A office building located at 5323 Millenia Lakes Boulevard. As Spafford noted, that's literally steps away from the upscale retail complex The Mall at Millenia.

Only Orlando saw a slight decrease in asking rental rates in the third quarter, according to Cushman & Wakefield. The firm 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.

"Growth in rental rates across the state since the last cycle have been driven mostly by gains in the suburban markets," Larry Richey, senior managing director and Florida market leader, tells GlobeSt.com. "For the South Florida and Tampa CBDs, rents are comparable or slightly higher, while in Orlando and Jacksonville, there is still significant room to grow. "Overall, limited new inventory and strong economic fundamentals increase the likelihood of positive momentum for the office sector across the state."