Orlando Office Market Report

Leasing activity leaning toward Class A spaces. Demand across Orlando’s office market increased in 2025, though it remained subdued compared to 2015-2019. Still, a recent uptick in lease executions with 2026 start dates suggests demand dynamics may improve modestly in specific market segments. This is particularly evident in Class A properties, which saw a substantial vacancy reduction in 2025. Siemens Energy’s lease of more than 200,000 square feet of Class A space in Lake Nona, one of the metro’s largest in the past decade, underscores the broader shift toward newer, high-quality space ongoing in suburban pockets. In contrast, space availability across mid- and lower-tier properties has remained flat. Moving forward, the Class B/C sector may continue to register net relinquishment, with properties built before 1990 potentially facing the most challenges.