Highlights
- The average rent for office space in Lake Mary is $29.87 per square foot, 8.42% higher compared to the previous year.
- The market’s vacancy rate stands at 26.88%, higher than the state average of Florida, which is 15.13%.
2025 Office Space Rent & Sales
- $29.87 2025 Avg. Asking Rent
- 8.42% Y-o-Y Avg. Asking Rent Change
- 26.88% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Lake Mary?
Average asking rents for office space here stand at $29.87 per square foot. The local office market recorded an average vacancy rate of 26.88% in 2025, unchanged from 26.88% in 2024.
Lake Mary, FL Office Asking Rents by Class
What is the average office rent per square foot by property class in FL?
- Avg. Asking Rent Class A & A+$45.91
- Avg. Asking Rent Class B$27.03
- Avg. Asking Rent Class C$19.30
For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.
Lake Mary, FL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Lake Mary | $29.87 | 26.73% |
| Sanford | $22.83 | 10.81% |
Office Construction in Lake Mary, FL
What are the largest recent office completions in Lake Mary?
The largest recent office completion here is Heathrow International Business Center - 1001 International Pkwy at 192,159 square feet, completed in 2001. The next largest completions are Colonial Center 200 at TownPark and Colonial Center 200 at TownPark.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Office Biscayne, brand new medical/prof office suites | 3416 West Lake Mary Boulevard, 32746 | 21,483 | 2026 |
| Office Biscayne, brand new medical/prof office suites | 3416 West Lake Mary Boulevard, 32746 | 21,483 | 2026 |
| Alhambra Medical Park, brand new medical office suites | 2801 W Lake Mary Blvd, 32746 | 17,282 | 2026 |
| Colonial Center 300 at TownPark | 300 Colonial Center Pkwy, 32746 | 149,487 | 2006 |
| 1485 International Pkwy | 1485 International Pkwy, 32746 | 27,540 | 2006 |
| Rinehart Ridge IV | 660 Century Pt, 32746 | 6,535 | 2006 |
| Colonial Center 200 at TownPark | 200 Colonial Center Pkwy, 32746 | 155,203 | 2002 |
| Colonial Center 200 at TownPark | 200 Colonial Center Parkway, 32746 | 155,203 | 2002 |
| Northpoint Office Park - Northpoint Center IV | 1064 Greenwood Blvd, 32746 | 117,760 | 2002 |
| Heathrow International Business Center - 1001 International Pkwy | 1001 Business Center Drive, 32746 | 192,159 | 2001 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.