Central Florida Market Reports

Central Florida’s office market saw a modest increase in supply as demand growth continued to be impacted from the pandemic with over 91,000 square feet of negative net absorption recorded, bringing year-to-date totals for the region to over 150,000 square feet of increased office supply since the start of 2021. Moderate effects from the pandemic held for the fifth consecutive quarter as companies await returning to the offices full time, but limited development continued to aid tight market fundamentals with three building completions, totaling just under 500,000 square feet were completed.

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