1. www.cushmanwakefield.com
Copyright © 2016 Cushman & Wakefield. All rights reserved.
The information contained within this report is gathered from
multiple sources considered to be reliable. The information
may contain errors or omissions and is presented without
any warranty or representations as to its accuracy.
Chris Owen
Florida Research Manager
20 North Orange Avenue, Suite 300
Orlando, FL 32801
+1 407 541 4417
Chris.owen@cushwake.com
Kathleen Krilanovich
Research Analyst
20 North Orange Avenue, Suite 300
Orlando, FL 32801
+1 407 541 4431
Kathleen.Krilanovich@cushwake.com
ORLANDO – Q2 2016
Top Leases
Top Major Submarket Stats
Construction
LOWEST VACANCY RATES
WINTER PARK 5.9%
UNIVERSITY 7.5%
CBD 9.9%
HIGHEST AVERAGE RENTAL
RATES (CLASS A)
AIRPORT/LAKE NONA $27.71 FS
WINTER PARK $26.50 FS
CBD $26.35 FS
MOST YTD LEASING ACTIVITY
MAITLAND 218,930 SF
25 Deals Signed
LARGEST Y-O-Y RENT INCREASE
(CLASS A)
AIRPORT/LAKE NONA +6.3%
Up From $22.31 (1Q15) to $23.71 (1Q16)
LARGEST Y-O-Y VACANCY
DECREASE
TOURIST CORRIDOR -7.9 PPS
DOWN FROM 18.5% (1Q15) to 10.6% (1Q16)
HIGHEST OCCUPANCY GAINS
MAITLAND +109,630 SF
165,100 YTD OVERALL NET ABSORPTION
135,000 SF | 1 BUILDINGS
Under Construction
0 SF | 0 BUILDINGS
YTD Completions
3,468,255 SF | 21 BUILDINGS
Proposed
256,892SF
MAITLAND
25,014 SF
TOURIST CORRIDOR
23,711 SF
CBD/DOWNTOWN
*Note: All statistics are based on overall office market statistics which includes Class A, Class B, and Class C buildings.