• The overall vacancy rate for Q4 2019 stood at 9.1%, compared to 9.0% in the previous quarter, and is up 19 basis points (bps) from Q4 2018.
  • Orlando’s office market finished Q4 2019 with net absorption of 152,813 sq. ft., continuing the positive run that has been exhibited over the last several quarters.
  • The direct average asking lease rate stood at $24.32 per sq. ft., a 5.9% gain year-over-year.
  • Six buildings were under construction at the close of Q4 2019 in the Orlando market, totaling 478,316 sq. ft.