**Orlando Office Rents Trending Upward in 2025 Investment Outlook**
Marcus & Millichap has released its updated 2025 Orlando Office Investment Forecast, highlighting key trends and developments in the region’s office real estate market.
Submarkets such as Osceola and Lake Counties remain attractive to investors, with vacancy rates staying under 7% in three of the past four years, demonstrating consistent demand and market resilience.
Although 2025 is expected to mark the fourth consecutive year of positive net absorption, the vacancy rate is projected to rise to 13.6% by year-end, primarily due to a wave of new office supply entering the market.
Orlando’s broader employment base is projected to grow by 11,000 jobs during 2025. However, office-using sectors are expected to see only a modest increase of 800 positions, following job losses in the prior year.
In a positive turn for landlords, average asking rents are forecasted to increase, reaching $23.85 per square foot, signaling a rebound in lease pricing after a decline last year.
New office completions in 2025 are expected to exceed the levels seen in 2024, yet remain below the decade’s average. The majority of these new deliveries will be concentrated in suburban South Orange County, resulting in an inventory increase of 0.8%.
Overall, the report underscores a market in transition, with upward trends in rents and employment paired with cautious optimism surrounding new supply and vacancy rates.
