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Orlando’s office market is in a prolonged reset phase with no quick rebound in sight

Medical office buildings account for most office demand and new supply to date in 2025
Orlando can be stunning at sunset, but in the light of day it has an oversupply of large office blocks and high vacancy rates. (CoStar)
Orlando can be stunning at sunset, but in the light of day it has an oversupply of large office blocks and high vacancy rates. (CoStar)
CoStar Analytics
September 25, 2025 | 8:08 P.M.

The Orlando office market is still recovering from its steepest demand downturn in decades. After outperforming many peer metro areas during the pandemic, the tide turned in 2024 when the market recorded its first year of negative net absorption in over a quarter-century.

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News | Orlando’s office market is in a prolonged reset phase with no quick rebound in sight