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Orlando, Florida’s office market 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
Annual absorption remains under pressure in the Orlando office market, despite several large leases signed. (CoStar)
Annual absorption remains under pressure in the Orlando office market, despite several large leases signed. (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, Florida’s office market in a prolonged reset phase with no quick rebound in sight