Orlando office market on track to have worst year for demand in 25 years

Orlando’s office market has certainly seen better years. The pace of rent growth has been trending downward as concessions have been on the rise, and the amount of vacant space has risen by more than 10% in the last 12 months. Additionally, total annual office demand by the end of 2024 is expected to be sharply negative for the first time in the last 25 years.