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Commercial Lease Tax in Florida Dropping by Nearly 50% June 1

The Drop from 4.5% to 2% Will Impact Office, Retail and Industrial Leases

Orlando's office market is contending with a decline in rent growth and total leasing volume, and solid net absorption, or the change in the number of occupied square feet, in the last year was inflated by the completion of a fully preleased building in the Tourist Corridor. (CoStar)
Orlando's office market is contending with a decline in rent growth and total leasing volume, and solid net absorption, or the change in the number of occupied square feet, in the last year was inflated by the completion of a fully preleased building in the Tourist Corridor. (CoStar)

By Lisa McNatt
CoStar Analytics

May 30, 2024 | 3:50 P.M.

Multiple obstacles to office demand have been affecting occupancies for the last year, but there is one potential tailwind that could help spur leasing activity.

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