This document provides a floor-by-floor analysis of available space and occupancy rates for 23 Class A office buildings in the Lake Mary office market in Central Florida as of February 2015. It details the total square footage and average floor plate for each building, along with current availability, asking rental rates, and occupancy percentages for February 2015.
Lake Mary Office Market Space Analysis_February 2015
1. Central Florida
Lake Mary Office Market | Class A
FLOOR-BY-FLOOR SPACE ANALYSIS / FEBRUARY 2015
COLLIERS INTERNATIONAL | CENTRAL FLORIDA
2. Lake Mary Office Market | Class A
FLOOR-BY-FLOOR SPACE ANALYSIS | FEBRUARY 2015
Central Florida
FLOOR Direct Sublease
5 12,287 28,000 31,678
4 9,942 10,467 16,005 20,992
3 13,707 6,386 4,261 17,494
2 10,557 20,469 20,240 7,176 12,104
1 7,753 4,495 8,267 15,000 6,816 3,548 712
Total Bldg Size (RSF) 108,272 108,499 108,500 117,760 157,358 1153,569 155,203 122,655
Asking Rates
$22.00/FS $22.00/FS NA $22.00/FS Withheld 23.50/FS 23.50/FS
21.50/Net of
Electric
Avg. Floor Plate 21,654 27,125 21,700 23,552 31,472 30,714 31,041 30,664
Avail. Space (RSF)
54,246 0 45,589 0 0 0 40,150 0 43,005 0 34,984 31,618 21,042 0 12,816 0
Occupancy (%) 49.9% 57.98% 100% 65.60% 72.67% 77.22% 86.44% 86.44%
Northpoint I
1025 Greenwood
Boulevard
Northpoint II
1035 Greenwood
Boulevard
Northpoint III
3300 Exchange
Place
Northpoint IV
1064 Greenwood
Boulevard
Bellsouth Building
1101 Greenwood
Boulevard
Colonial Center 100
100 Colonial Center
Parkway
Colonial Center 200
200 Colonial Center
Parkway
Colonial Center 300
300 Colonial Center
Parkway
1 2 3 4 5 6 7 8
3. FLOOR
6
5 11,030
4 4,967 2,854 11,241 4,265
3 8,866 2,380 12,452
2 8,972 24,345 12,120 18,031 30,626 4,523
1 19,866 10,239 9,249 8,392 250 2,068
Total Bldg Size (RSF) 175,674 199,585 152,270 154,346 152,928 122,056 190,081 171,650
Asking Rates
Withheld 23.50/FS 23.00/FS 23.00/FS $22.00/FS 23.00/FS $23.00/FS 23.50/FS
Avg. Floor Plate 35,135 49,896 25,378 25,724 25,488 30,514 31,680 57,217
Avail. Space (RSF)
28,847 0 24,355 0 13,844 0 36,255 0 29,660 0 62,725 0 8,788 250 2,084 0
Occupancy (%) 83.58% 87.80% 90.91% 76.51% 80.61% 48.61% 95.38% 98.79%
400 Town Park
400 Colonial Center
Parkway
Colonial Center 600
600 Colonial Center
Parkway
Tower I at Primera
610 Crescent
Executive Court
Tower II at Primera
615 Crescent
Executive Court
Primera III
605 Crescent
Executive Court
Primera IV
300 Primera
Boulevard
Primera V
255 Primera
Boulevard
Crescent at Primera
1000 Primera
Boulevard
9 10 11 12 13 14 15 16
5
4 33,795 3,580
3 5,381 14,851 33,748 4,035 2,818
2 17,748 7,077
1 6,686 900 7,807 4,989 28,434 5,000
Total Bldg Size (RSF) 71,152 86,842 100,821 126,570 150,567 178,241 192,159
Asking Rates
$18.50/FS $22.00/FS $22.00/FS $22.00/FS Witheld $22.00/FS $22.00/FS
Avg. Floor Plate 23,717 21,711 25,205 31,643 30,113 44,560 38,432
Avail. Space (RSF)
29,815 0 7,807 0 26,917 0 95,997 0 0 5,000 4,035 2,818 3,580 0
Occupancy (%) 58.10% 91.01% 73.30% 24.16% 100% 97.74% 98.14%
Heathrow 1
250 International
Parkway
300 Heathrow
300 International
Parkway
400 Heathrow
400 International
Parkway
701 Heathrow
701 International
Parkway
801 Heathrow
801 International
Parkway
901 Heathrow
901 International
Parkway
1001 Heathrow
1001 Heathrow
Park Lane
17 18 19 20 21 22 23
4. COLLIERS INTERNATIONAL
CENTRAL FLORIDA
622 E Washington Street
Suite 300
Orlando, FL 32801
Office 407 843 1723
Fax 407 843 4485
www.colliers.com/orlando
Central Florida
NORTH
1
2
3
4
5
6
7
8
9
10
11
12
13 14
15
16
17
18
19
20
21
22
23
1 NORTH POINT I
2 NORTH POINT II
3 NORTHPOINT III
4 NORTH POINT IV
5 BELLSOUTH BUILDING
6 COLONIAL CENTER 100
7 COLONIAL CENTER 200
8 COLONIAL CENTER 300
9 400 TOWNPARK
10 COLONIAL CENTER 600
11 TOWER I AT PRIMERA
12 TOWER II AT PRIMERA
1 NORTH POINT I
2 NORTH POINT II
3 NORTHPOINT III
4 NORTH POINT IV
5 BELLSOUTH BUILDING
6 COLONIAL CENTER 100
7 COLONIAL CENTER 200
8 COLONIAL CENTER 300
9 400 TOWNPARK
10 COLONIAL CENTER 600
11 TOWER I AT PRIMERA
12 TOWER II AT PRIMERA
13 PRIMERA III
14 PRIMERA IV
15 PRIMERA V
16 CRESCENT AT PRIMERA
17 HEATHROW 1
18 300 HEATHROW
19 400 HEATHROW
20 701 HEATHROW
21 801 HEATHROW
22 901 HEATHROW
23 1001 HEATHROW
13 PRIMERA III
14 PRIMERA IV
15 PRIMERA V
16 CRESCENT AT PRIMERA
17 HEATHROW 1
18 300 HEATHROW
19 400 HEATHROW
20 701 HEATHROW
21 801 HEATHROW
22 901 HEATHROW
23 1001 HEATHROW