SlideShare a Scribd company logo
1
An office market analysis
Oviedo – Winter Springs, Florida
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 2
Demographics
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 3
Tenant Breakdown by Industry
Utilities
17%
Business Services
12%
Computers/Data Processing
9%
Engineers/Architects
10%Financial Institutions
7%
Insurance
7%
Medical
15%
Personal Services
5%
Other
10%
Retailers/Wholesalers
8%
Average Tenant Size:
2,824 Square Feet
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 4
735,516
Total Inventory (s.f)
58
Number of
buildings
12,681
Average building size (s.f)
A. Duda &
Sons, Inc
Largest Owner
Oviedo – Winter Springs
Key Statistics
5 available
2,500 SF +
-20,000
-10,000
0
10,000
20,000
30,000
40,000
50,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
YTD
Squarefeet
Net absorption Deliveries
VacancyRate
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
YTD
FullServicerentalrates
Average Rental Rate Vacancy rate
22 years
Average Building Age
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 5
Oviedo – Winter Springs
Office availabilities from 2,500+ SF
1
2
4
3
5
Lake Jessup
Winter Springs
Oviedo
499 E Mitchell
Hammock Rd
Proposed
6
Oviedo – Winter Springs
Availabilities 2,500 SF +
1 2
400 W SR 434
3
4 5
126 E SR 434243 Winding Hollow
Blvd
1001 Town Center Ct
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved.
7
Research Team:
Jacob Attaway,
Research Analyst
Central Florida Content Specialist
+1 407 982 8696
Jacob.Attaway@am.jll.com
Ben Landes,
Research Analyst
Brokerage
+1 407 982 8598
benjamin.landes@am.jll.com
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 8

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Oviedo - Winter Spring Market Spotlight

  • 1. 1 An office market analysis Oviedo – Winter Springs, Florida
  • 2. © 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 2 Demographics
  • 3. © 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 3 Tenant Breakdown by Industry Utilities 17% Business Services 12% Computers/Data Processing 9% Engineers/Architects 10%Financial Institutions 7% Insurance 7% Medical 15% Personal Services 5% Other 10% Retailers/Wholesalers 8% Average Tenant Size: 2,824 Square Feet
  • 4. © 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 4 735,516 Total Inventory (s.f) 58 Number of buildings 12,681 Average building size (s.f) A. Duda & Sons, Inc Largest Owner Oviedo – Winter Springs Key Statistics 5 available 2,500 SF + -20,000 -10,000 0 10,000 20,000 30,000 40,000 50,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD Squarefeet Net absorption Deliveries VacancyRate 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD FullServicerentalrates Average Rental Rate Vacancy rate 22 years Average Building Age
  • 5. © 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 5 Oviedo – Winter Springs Office availabilities from 2,500+ SF 1 2 4 3 5 Lake Jessup Winter Springs Oviedo
  • 6. 499 E Mitchell Hammock Rd Proposed 6 Oviedo – Winter Springs Availabilities 2,500 SF + 1 2 400 W SR 434 3 4 5 126 E SR 434243 Winding Hollow Blvd 1001 Town Center Ct
  • 7. © 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 7 Research Team: Jacob Attaway, Research Analyst Central Florida Content Specialist +1 407 982 8696 Jacob.Attaway@am.jll.com Ben Landes, Research Analyst Brokerage +1 407 982 8598 benjamin.landes@am.jll.com
  • 8. © 2020 Jones Lang LaSalle IP, Inc. All rights reserved. 8