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Office Demand in Orlando Should Weaken Significantly in 2024

Vacancy Likely To Remain Elevated As Rent Growth Decelerates
Truist Plaza at Church Street Station, completed in 2019, is adjacent to the site of The Edge, a new trophy tower that is projected to break ground in the second quarter of 2024. (CoStar)
Truist Plaza at Church Street Station, completed in 2019, is adjacent to the site of The Edge, a new trophy tower that is projected to break ground in the second quarter of 2024. (CoStar)
CoStar Analytics
January 11, 2024 | 4:14 P.M.

Orlando’s office market heading into 2024 is in a state of transition, moving from a year of relative prosperity to one that is projected to be adversely affected by a significantly diminished pace of demand for office space.

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