Orlando Office MarketBeat Q1 2026

Orlando's office market in Q1 2026 recorded a vacancy rate of 16.5%, down 40 basis points from the prior year, with asking rents rising to $26.65 per square foot, while leasing activity totaled 456,000 square feet, down 14.9% year-over-year, with the central business district accounting for 32.2% of new leases. Class A properties dominated leasing at 60.7% of total activity, though rents declined 3.8% year-over-year to $28.45 per square foot, while the Airport/Lake Nona submarket experienced the highest vacancy at 30.8% and steepest rent decline of 5.1% year-over-year.