Orlando Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, JLL, Colliers, Newmark
Quarterly office market indicators for Orlando, aggregated by CREhunt from Cushman & Wakefield, CBRE, JLL, Colliers, Newmark. As of Q2 2026, average asking rent was $26.72/SF/yr and vacancy was 16.7%, per Cushman & Wakefield.
Projected current office pricing — Orlando
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Orlando office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~83% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $26.72/SF/yr | 16.7% | 94K SF | 170 SF | Cushman & Wakefield |
| Q2 2026 CBRE | $28.31/SF/yr | 16.8% | 43K SF | — | CBRE |
| Q1 2026 JLL | $29.13/SF/yr | 14.5% | 303K SF | — | JLL |
| Q1 2026 Colliers | — | 3.8% | 96K SF | — | Colliers |
| Q1 2026 Cushman & Wakefield | $26.95/SF/yr | 16.5% | 137K SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | — | 14.1% | 14 SF | — | CBRE |
| Q4 2025 Cushman & Wakefield | $26.54/SF/yr | 17.6% | -362K SF | — | Cushman & Wakefield |
| Q4 2025 Newmark | $26.70/SF/yr | 13.7% | — | — | Newmark |
| Q2 2025 CBRE | $28.11/SF/yr | 16.6% | 40K SF | — | CBRE |
| Q2 2025 Newmark | $26.09/SF/yr | 12.9% | -120K SF | — | Newmark |
| Q1 2025 Newmark | $26.02/SF/yr | 13.0% | 52K SF | — | Newmark |
| Q4 2024 Newmark | $25.68/SF/yr | 13.1% | — | — | Newmark |
| Q3 2024 Newmark | $25.41/SF/yr | 12.8% | 53K SF | — | Newmark |
| Q2 2024 Newmark | $25.04/SF/yr | 13.1% | — | — | Newmark |
| Q2 2024 CBRE | $27.17/SF/yr | — | — | — | CBRE |
| Q1 2024 Newmark | $24.88/SF/yr | 12.6% | — | — | Newmark |
| Q4 2023 Newmark | $25.32/SF/yr | 11.6% | — | — | Newmark |
| Q3 2023 Newmark | $25.16/SF/yr | 11.7% | — | — | Newmark |
| Q1 2020 Cushman & Wakefield | $24.23/SF/yr | 9.4% | 131K SF | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Orlando office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport/Lake Nona | $32.32/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Altamonte Springs | $21.33/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| CBD/Downtown/Uptown | $32.17/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Downtown Orlando | $34.78/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| East Orlando | $25.26/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Lake Mary/Heathrow | $26.49/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Lee Road | $25.39/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Longwood | $19.90/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Maitland | $22.91/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Maitland Center | $23.88/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Millenia/Metrowest/Windermere | $33.91/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Orlando | $24.30/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| South Orlando | $31.41/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest Orlando | $29.87/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Tourist Corridor | $27.31/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| University/Research Park | $26.56/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Winter Park | $32.09/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Orlando office did not fully agree. On vacancy, the sources span 0.1 points — from 16.7% (Cushman & Wakefield) to 16.8% (CBRE). Asking-rent estimates differ by $1.59/SF/yr — from $26.72/SF/yr to $28.31/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 16.8% | $28.31/SF/yr | — |
| Cushman & Wakefield | 16.7% | $26.72/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Orlando?
- As of Q2 2026, the average asking rent for office space in Orlando was $26.72/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in Orlando?
- The office vacancy rate in Orlando was 16.7% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Orlando market data come from?
- This report aggregates quarterly office market data for Orlando from Cushman & Wakefield, CBRE, JLL, Colliers, Newmark.
- How much do brokerage estimates differ for office space in Orlando?
- For Q2 2026, the brokerage sources CREhunt aggregates for Orlando did not fully agree. On vacancy, the sources span 0.1 points — from 16.7% (Cushman & Wakefield) to 16.8% (CBRE). Asking-rent estimates differ by $1.59/SF/yr — from $26.72/SF/yr to $28.31/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.