Orlando Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Colliers, Matthews, CBRE, Cushman & Wakefield, Newmark
Quarterly office market indicators for Orlando, aggregated by PropZone from Colliers, Matthews, CBRE, Cushman & Wakefield, Newmark. As of Q1 2026, average asking rent was — with a 3.8% vacancy rate.
Projected current office pricing — Orlando
low confidenceProjected asking rent
$26.95–$28.03/SF/yr
Estimated sale value
$143–$193/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 6.7%, asking rent trend-adjusted to today). Assumes ~71% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 3.8% | 96K SF | — | Colliers |
| Q1 2026 | $31.00/SF | 3.9% | 540K SF | — | Matthews |
| Q1 2026 | — | 14.1% | 0K SF | — | CBRE |
| Q1 2026 | $26.95/SF | 29.0% | 137K SF | — | Cushman & Wakefield |
| Q4 2025 | $26.70/SF | — | — | — | Newmark |
| Q4 2025 | — | 4.6% | 25K SF | — | Cushman & Wakefield |
| Q2 2025 | $28.11/SF | — | — | — | CBRE |
| Q2 2025 | $26.09/SF | — | -120K SF | — | Newmark |
| Q1 2025 | $26.02/SF | — | 52K SF | — | Newmark |
| Q4 2024 | $25.68/SF | — | -10K SF | — | Newmark |
| Q3 2024 | $25.41/SF | — | — | — | Newmark |
| Q2 2024 | $25.04/SF | — | — | — | Newmark |
| Q2 2024 | $27.17/SF | — | — | — | CBRE |
| Q1 2024 | $24.88/SF | — | — | — | Newmark |
| Q4 2023 | $25.32/SF | — | — | — | Newmark |
| Q3 2023 | $25.16/SF | — | — | — | Newmark |
Frequently asked questions
- What is the average asking rent for office space in Orlando?
- PropZone aggregates office asking-rent data for Orlando from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in Orlando?
- The office vacancy rate in Orlando was 3.8% as of Q1 2026 (Colliers).
- Where does PropZone's Orlando market data come from?
- This report aggregates quarterly office market data for Orlando from Colliers, Matthews, CBRE, Cushman & Wakefield, Newmark.
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