Why Orlando

Office Market Snapshot Q1 2025 36.7 MSF Orlando Inventory

CLASS A 21.9 MSF

CLASS B 14.8 MSF

Class A Spotlight

SUPPLY & DEMAND

ORLANDO CBD

7.3 MSF Inventory

16.0% Direct Vacancy

$32.44 Direct Rent (FS PSF)

2.0M

1.0M

AIRPORT / LAKE NONA

0.0M

1.6 MSF Inventory

20.6% Direct Vacancy

$34.68 Direct Rent (FS PSF)

−1.0M

2020

2021

2022

2023

2024

2025 YTD

LAKE MARY / HEATHROW

Leasing Activity

Construction Completions

Overall Absorption

4.5 MSF Inventory

18.6% Direct Vacancy

$26.61 Direct Rent (FS PSF)

DIRECT RENTAL & VACANCY RATES

MAITLAND

5.6 MSF Inventory

16.2% Direct Vacancy

$23.72 Direct Rent (FS PSF)

$ 28

15 %

$ 27

$ 26

TOURIST CORRIDOR / CELEBRATION 6.5 MSF Inventory 10.7% Direct Vacancy $28.24 Direct Rent (FS PSF) UNIVERSITY / RESEARCH PARK 4.1 MSF Inventory 12.0% Direct Vacancy $24.52 Direct Rent (FS PSF)

10 %

$ 25

5 %

$ 24

$ 23

0 %

1Q20

1Q21

1Q22

1Q23

1Q24

1Q25

Direct Rental Rate

Overall Vacancy

Cushman & Wakefield | Why Orlando