• The overall vacancy rate for Q3 2019 stood at9.0%, compared to 8.9% in the previous quarter,and is down 10 basis points (bps) from Q3 2018.
  • Orlando’s office market finished Q3 2019 with netabsorption of 104,882 sq. ft., continuing thepositive run that has been exhibited over the lastseveral quarters.
  • The direct average asking lease rate stood at$24.12 per sq. ft., a 6.4% gain year-over-year.
  • Seven buildings were under construction at the closeof Q3 2019 in the Orlando market, totaling578,316 sq. ft.