Why Orlando - CW 2023 Q2-RFS

Office Market Snapshot Q2 2023 36.0 MSF Orlando Inventory

CLASS A 21.4 MSF

CLASS B 14.6 MSF

Class A Spotlight

SUPPLY & DEMAND

ORLANDO CBD

3.0M

7.2 MSF Inventory

15.0% Overall Vacancy

$29.38 Overall Rent (FS/SF)

2.0M

1.0M

AIRPORT / LAKE NONA

0.0M

1.3 MSF Inventory

12.7% Overall Vacancy

$33.27 Overall Rent (FS/SF)

−1.0M

2018

2019

2020

2021

2022

2023 YTD

LAKE MARY / HEATHROW

Leasing Activity

Construction Completions

Overall Absorption

4.5 MSF Inventory

19.9% Overall Vacancy

$27.06 Overall Rent (FS/SF)

OVERALL RENTAL & VACANCY RATES

MAITLAND 18.8% Overall Vacancy

5.6 MSF Inventory

$27.80 Overall Rent (FS/SF)

$ 25

14 %

12 %

$ 20

10 %

$ 15

TOURIST CORRIDOR / CELEBRATION 6.2 MSF Inventory 12.8% Overall Vacancy $30.19 Overall Rent (FS/SF) UNIVERSITY / RESEARCH PARK 4.1 MSF Inventory 12.1% Direct Vacancy $27.68 Overall Rent (FS/SF)

8 %

6 %

$ 10

4 %

$ 5

2 %

$ 0

0 %

2018

2019

2020

2021

2022

2023 YTD

Overall Rental Rate

Overall Vacancy

Cushman & Wakefield | Why Orlando