ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
The troubles of office real estate continue to be well-documented — in metro Orlando, specifically, and more broadly.
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A third-quarter Orlando office market report by CBRE notes net negative absorption of 165,942 square feet in the market and an Avison Young report for the same period puts the office market’s average vacancy rate here at 15.8%.
The office sector, in particular, is also a source of consternation with regards to billions in debt coming due soon and a dearth of lenders willing to refinance.
Click here to read the full story on the Orlando Business Journal’s website.
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