Altamonte Springs Office Market Trends

Office Rental Market

  • $17.55 2019 Avg. Asking Rent
  • 10.85 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 300,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Altamonte Springs was $17.55 per square foot, and the office vacancy rate across the market averaged 10.85 %. During 2019, developers added 0 square feet of new office space to the Altamonte Springs market inventory. Office developments estimated for delivery during 2020 total 300,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Altamonte Springs Class B Office Buildings$17.84
  • Altamonte Springs Class C Office Buildings$15.82
  • FL Class A Office Buildings$37.07
  • FL Class B Office Buildings$23.53
  • FL Class C Office Buildings$18.02

Altamonte Springs, FL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Altamonte Springs, FL

  • Altamonte Springs, FL Total Sqft completed in 2019 0
  • Altamonte Springs, FL Total Sqft under construction in 2020 300,000
10 Largest Office Buildings in Altamonte Springs
Building name Address Total Sqft Year built
Majesty Building 123 East Central Pkwy, 32701 300,000 2021
North Lake Business Park 370 Northlake Blvd, 32701 270,555 1981
Adventist Health System Solutions Center 902 Inspiration Avenue, 32714 199,777 2013
Adventist Health System Support Center 893 Inspiration Avenue, 32714 164,000 2018
Sanlando Center Office Park II 2180 West State Road 434, 32779 162,000 1987
Adventist Health System Corporate Headquarters 900 Hope Way, 32714 150,000 2011
Plaza North 375 Douglas Avenue, 32714 143,620 1983
CenterPointe Office Park 370 Center Pointe Circle, 32701 130,000 1973
CenterPointe Two 220 East Central Pkwy, 32701 111,488 1999
350 Anchor Road 350 Anchor Road, 32707 110,240 1970
Largest Office Properties Recently Completed in Altamonte Springs
Office building Address Sqft Completed
Majesty Building 123 East Central Pkwy, 32701 300,000 2021
Adventist Health System Support Center 893 Inspiration Avenue, 32714 164,000 2018
Adventist Health System Solutions Center 902 Inspiration Avenue, 32714 199,777 2013
Adventist Health System Corporate Headquarters 900 Hope Way, 32714 150,000 2011
1021 Douglas Avenue 1021 Douglas Avenue, 32714 49,400 2009
247 Maitland Avenue 247 Maitland Avenue, 32701 35,648 2002
Maitland Springs III 955 Keller Road, 32714 26,826 2002
The Maitland Center 965 North Keller Road, 32714 102,339 2001
Maitland Springs I 975 Keller Road, 32714 25,080 2001
CenterPointe Two 220 East Central Pkwy, 32701 111,488 1999
Data provided by Commercial Edge

Office Spaces for Rent in Florida

See trends for nearby markets

The Altamonte Springs office market contains an inventory of 2,632,069 square feet of office space, in 71 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Altamonte Springs commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.