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Office Space for Rent in Orlando, FL - 190 Listings

Orlando, FL - Office Market Overview

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The Orlando real estate market includes the Airport North, Baldwin Park, and Colonial Town Center office space submarkets. With a metropolitan population of nearly 2.4 million, Orlando’s economy is driven in large part by the aerospace & defense, high-technology, and tourism industries, all of which contribute to creating demand for Class A office space in Orlando.

As of mid-2017, the Orlando office market encompasses just over 26 million square feet of existing office space in properties larger than 50,000 square feet. Located in Central Florida, Orlando is nicknamed 'The Theme Park Capital of the World' due to its numerous world-class tourist destinations including Walt Disney World and Universal Studios Florida.

Orlando, FL - Office Inventory Description

In addition to tourism, the media & entertainment industries play a major role in creating demand for commercial real estate in Orlando. With a gross metropolitan product of over $125 billion annually, there is robust demand for white-collar office space in the Orlando metro area. Nearly 64% of the office inventory in the market is Class A or A+, with Class B office property adding another 35% of product to the office sector in Orlando.

The Central Business District in Orlando is home to some of the most prestigious office buildings in the city, and also sees some of the strongest demand for Class A office space. Portfolio-quality trophy office buildings such as the 111 North Orange building, Lincoln Plaza, and Eola Park Centre at 200 East Robinson Street can all be found in this office submarket.

Orlando, FL Commercial Inventory Breakdown

Office Spaces

Total: 18,596,531 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 4,009,638 SF / 21.56% of total office
  • 100k to 500k SF: 12,517,567 SF / 67.31% of total office
  • 500k to 1M SF: 2,069,326 SF / 11.13% of total office

By class:

  • Class A+: 1,003,612 SF / 5.4% of total office
  • Class A: 9,341,270 SF / 50.23% of total office
  • Class B: 5,218,974 SF / 28.06% of total office
  • Class C: 239,090 SF / 1.29% of total office

Top 10 Largest Office Buildings

in Orlando

Office building Address Sqft Year built
KPMG Lakehouse 9313 Lake Nona Blvd, 32827 780,000 2020
SunTrust Center 200 South Orange Avenue, 32801 654,618 1988
Orlando Central Center 3555 Maguire Blvd, 32803 634,708 1966
Bank of America Center 390 North Orange Avenue, 32801 421,069 1988
Orlando SED 401 West Church Street, 32801 420,000 n/a
Kirkman Point Office Park - Buildings III & IV NEC South Kirkman Road & Carrier Drive, 32819 402,000 n/a
Vertical Medical City 1000 North Orange Avenue, 32801 360,000 n/a
One Orlando Centre 800 North Magnolia Avenue, 32803 355,783 1987
One Eleven 111 North Magnolia Avenue, 32801 348,994 2008
CNL Center I 450 South Orange Avenue, 32801 347,542 1999

Most Recently-Built Office Buildings

in Orlando

Office building Address Sqft Year built
Lake Nona Town Center - Phase II 13485 Veterans Way, 32827 154,729 2018
Sand Lake West Business Park - 7501 Greenbriar Pkwy 7501 Greenbriar Pkwy, 32819 86,700 2018
Kirkman Point II 7141 South Kirkman Road, 32819 134,000 2017
Lake Nona Town Center - Phase I 6900 Tavistock Lakes Blvd, 32827 99,000 2015
GuideWell Innovation Center 6555 Sanger Road, 32827 92,120 2015
Florida Hospital Executive Offices 550 East Rollins Street, 32803 88,837 2014
The Church Street Exchange Building 101 South Garland Avenue, 32801 87,952 2014
The Lake Nona Gateway Building 13280 Narcoossee Road, 32827 75,000 2014
Kirkman Point I 7055 South Kirkman Road, 32819 134,000 2013
Florida Hospital - Translational Research Institute For Metabolism And Diabetes 301 East Princeton Street, 32804 51,711 2012

Orlando, FL - Green Office Space

Employment

The 2017 National Green Building Adoption Index surveyed the top 30 U.S. major markets to determine just how far office building owners and developers have gone in incorporating energy efficiency into their properties. Through mid-2017, the percentage of green commercial office buildings larger than 50,000 square feet topped the 38% mark.

Orlando is not yet counted among the top 30 U.S. office markets, but with dozens of energy-efficient office property projects in the works, the city is doing its part to make the cut.

An excellent example of a LEED-certified office building in Orlando is the Discovery TechCenter II at 2710 Discovery Drive in Orlando. Located in the University neighborhood of Orlando, this 62,500 square foot property was built in 2008 and is the proud recipient of a LEED Gold certification.

Orlando, FL's Top Office-Using Sectors

The Orlando commercial real estate market contains a diverse mix of business and industry, all driving demand for white-collar office space in the metro area. Among the top four office-using business sectors in Orlando are the healthcare, tourism, entertainment, and corporate office users.

  • Healthcare – Orlando is the healthcare center of Central Florida, with the University of Central Florida's College of Medicine, a VA Hospital, and the Orlando Health and Florida Hospitals, all of which create white-collar office employment in Orlando.
  • Tourism – One of the major contributors to the economy and the demand for office space in Orlando is the tourism sector, with businesses such as SeaWorld Orlando, Universal Orlando Resort, and Walt Disney World Resort attracting over 60 million visitors to the area each year.
  • Entertainment – Florida is a global destination for recreation and entertainment of all types, thanks to companies such as Disney's Hollywood Studios, Electronic Arts, Universal Studios, and the Florida Interactive Entertainment Academy.
  • Corporate Office – Lockheed Martin, AT&T, Boeing, Darden Restaurants, and Hewlett-Packard are just a few of the large employers in Orlando that drive demand in the Class A office market.

Orlando Demographics

Population

  • Total Population269,414
  • Male Population(48.4 %) 130,347
  • Female Population(51.6 %) 139,067
  • Median Age33.30

Income/Financial

  • Average Household Income$65,450
  • Median Household Income$45,436
  • Median Income Under 25$26,710
  • Median Income 25-44$48,820
  • Median Income 45-64$49,071
  • Median Income Over 65$33,032

News

The calendar is starting to stack up with a range of exciting Commercial Real Estate (CRE) events to attend in the second half of 2019. Here is an extensive list of the upcoming shows, expos, and CRE events. New England Conference & Deal Making July 16 – 17, 2019, Boston, Massachusetts, U.S. Thi...

Since 2009, the U.S. economy has had more than 110 consecutive months of growth, making this the second longest economic expansion since the Great Depression. After a rather tepid 2017 performance, the U.S. office market gathered some steam in 2018, adding 76 million square feet of new office sp...

We’re almost halfway through H2 2018, and it’s high time to check up on construction activity, as well as the state of the U.S. office pipeline when compared to previous analyses. Last year around the same time, we looked at top U.S. cities for office delivery during the fall-winter season, and ...