Why Orlando Research Report

OFFICE SNAPSHOT | 2Q 2021

320,800 SF Under Construction

36.7 MSF TOTAL INVENTORY

CLASS A 21.5 MSF

CLASS B 13.0 MSF

DIRECT ASKING RENT $24.97 PSF/YEAR/PS

DIRECT VACANCY 12.3%

YTD LEASING ACTIVITY 1.1 MSF

YTD DIRECT NET ABSORPTION (SF) -873,750

SUBLEASE SPACE 2.0%

Direct Vacancy and Rental Rates

Direct Leasing Activity and Absorption

20.0%

$10.00 $15.00 $20.00 $25.00 $30.00

-2,000,000 -1,000,000 0 1,000,000 2,000,000 3,000,000 4,000,000

15.0%

10.0%

5.0%

$0.00 $5.00

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2Q21

0.0%

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2Q21

Direct Net Asking Rental Rate

Direct Vacancy Rate

Leasing Activity

Direct Net Absorption

Why Orlando Report | 2Q21

Cushman & Wakefield | 16