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Vacancy climbs above historic norms as Orlando, Florida, office market resets

Higher-tier buildings could dominate demand as landlords of older sites face mounting pressure to upgrade or repurpose
Downtown Orlando continues to navigate structural obstacles that will shape its long-term fundamentals, yet recent trends point to incremental improvement. After recording its weakest year for office demand in 2024, absorption turned positive in 2025. (CoStar)
Downtown Orlando continues to navigate structural obstacles that will shape its long-term fundamentals, yet recent trends point to incremental improvement. After recording its weakest year for office demand in 2024, absorption turned positive in 2025. (CoStar)
CoStar Analytics
January 12, 2026 | 5:07 P.M.

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Orlando’s office sector enters 2026 at a crossroads. After years of resilience, the market is now contending with its steepest demand challenges in decades.

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News | Vacancy climbs above historic norms as Orlando, Florida, office market resets