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Trying to lease office space in Orlando, Florida is usually a simple task for many companies such as marketing agencies, medical providers and tax advisors. However, finding the most suitable commercial office that best fits the needs of your business is often a very frustrating and tedious process. Because of this, any business looking to lease Orlando office space should always start their search with our free service.
One of the major cities in the state of Florida is none other than Orlando. Orlando is a big city with an estimated population of 230,519 in the city center and upwards of 2,054,574 residents in the metropolitan area. It is located in the central region of the state and is the fifth largest city in Florida by population. Originally, the city was a center for citrus growing but has now become a more urban city with various industries. Other areas within the Orlando area that we service are Longwood, Maitland, Merritt Island, Metrowest, Mulberry, Primrose, Sanford and Oviedo. We also service Miami, Ft. Lauderdale and Jacksonville.
Office Space Pricing
For those looking to start, build or grow a business will find a lot of great office space options. There are also new real estate developments being built on a regular basis due in large part to the tourist attractions. Disney for example, continually builds new resorts and entertainment in the area. Office space is available in the area for around $2 a square foot and lowers to roughly $1.65 or less a square foot for 3,000 square feet. Rental rates may also fluctuate depending on the type of floorplan leased. Orlando office space usually consists of executive suites, temporary offices, retail buildings and fully furnished suites. Some locations have great amenities, additional warehouse space and even retail storefronts. The office vacancy rate in the greater Orlando area was recently touted at being at 17% and has been as high as 20% in the area. The rate is starting to drop as the economy slowly improves but it hasn’t dropped significantly. Tenants are in a great position to negotiate lease agreements and prices with landlords. Because the local Orlando economy is such a “renter’s market”, now is an opportune time to lease Orlando office space.
As far as the economy, Orlando has one of the largest tourist populations in the United States. The city is home to Universal Orlando Resort, SeaWorld, Walt Disney World and many more attractions. Since the 1970’s the city has received millions of people flocking to it for various lengths of time for vacation and leisure. The city also boasts a large technology district with major companies calling it home, including KDF, General Dynamics, Harris, Mitsubishi Power Systems, Siemens, USAF, The United States Army Research, Development and Engineering Command United States and many other technology firms in the area. Needless to say, Orlando has a wealth of careers to take advantage of. Even with the diverse amounts of jobs in the area, the unemployment rate of Orlando was recently at 12.4%. It has begun to drop, but it has been a hard road due in large part to the economic instability of the recent recession in the United States. With so many people looking for work, it is a great time to expand your business or relocate and lease Orlando office space.
The crime rate of Orlando has been stated as being 113 per one thousand residents and has been moving slightly lower in recent years. While the area has some dangerous neighborhoods, it doesn’t necessarily have the surge of violent crimes like other larger cities. The Orlando International Airport is one of the largest airports in the United States and recently has completed many upgrades. The airport looks a lot like a shopping center with lots of shops and dining opportunities for those that are visiting and are waiting to board their flights. The airport also boasts a large number transportation opportunities, including direct shuttle busses to all major resorts, often at no extra charge. he greater Orlando area might be significantly leveraged on tourism but it also is a great place to learn, explore and live. The area has great year round weather, vocations for all walks of life and new and updated commercial real estate as well as residential real estate to take advantage of. So visit our webpage dedicated to office space in Orlando, FL. We are a provider of expert real estate advice and have a variety of listings to help you find the Orlando office space or executive suite that you are looking for. We offer a free service so inquire with us when trying to lease Orlando office space.