Confidence in Orlando's office market is growing as firms take over 25,000 square feet of office space this year.
That's according to a Q2 Orlando Office Market report by Marcus & Millichap, which says those numbers have surpassed the net absorption totals since 2020.
With a 3.9% increase in people using the office since the start of the pandemic, employment is expected to rise in the metro area by 5.3% due mostly to leisure and hospitality hiring. With Orlando's lower office rents and growing workforce, the report says the area has a good chance of attracting firms returning from the work-from-home model, or who have relocated to Florida.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
