Longwood Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $21.98 2024 Avg. Asking Rent
  • 29.05% 2024 Office Vacancy Rate

Longwood office price per square foot in 2024 was $21.98 on average. The local office market recorded an average vacancy rate of 29.05% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Florida Class A & A+ Office Space$40.20
  • Florida Class B Office Space$27.71
  • Florida Class C Office Space$22.62

Longwood, FL Office Asking Rents by Class

2024 Office Vacancy Rates in Longwood

Submarket Asking Rents Vacancy Rates
Lake Mary $27.14 24.96%
East Seminole County $27.13 27.88%
Altamonte Springs $26.05 19.50%
Sanford $22.83 10.51%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Longwood market was 29.05% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Longwood was 10.51% in the Sanford submarket, while the highest office vacancy in the market was 27.88%, recorded in East Seminole County.

Office Spaces for Rent in Florida

Coworking Spaces in Florida

Largest Office Properties Recently Completed in Longwood
Office building Address SF Completed
685 South Ronald Reagan Blvd 685 South Ronald Reagan Blvd, 32750 14,705 2004
685 South Ronald Reagan Boulevard 685 South Ronald Reagan Blvd, 32750 14,705 2004
Second Floor Medical Space | Immediate Hospital Proximity 451 South Milwee Street, 32750 9,000 1990
Two Protegrity Place 280 Wekiva Springs Road, 32779 71,016 1985
Two Protegrity Place 280 Wekiva Springs Road, 32779 71,016 1985
1200 West State Road 434 1200 West State Road 434, 32750 30,183 1985
Protegrity Place I 260 Wekiva Springs Road, 32779 66,991 1984
Protegrity Place I 260 Wekiva Springs Road, 32779 66,991 1984

Worth noting among recent office completions on the Longwood market is 685 South Ronald Reagan Blvd, which is currently the largest new office development in the city, at 14,705 square feet.

Data provided by Yardi Research

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Longwood 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 Yardi Research Data can guarantee that the information provided is complete.