Downtown Orlando’s Fulcrum building gets spec suite makeover to lure tenants

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

The Fulcrum building in downtown Orlando, which was sold in what one expert called a “crazy steal,” is building spec suites to attract tenants.

▶ WATCH CHANNEL 9 EYEWITNESS NEWS

Spec suites involve the landlord building uniquely equipped spaces to be move-in ready for a variety of types of clients. Kevin Will, a broker with Orlando-based Foundry Commercial, which is handling the leasing, said the practice of creating spec suites has become popular in the Central Business District, especially after the pandemic.

“You have a more corporate mix of tenants, tenants that are willing to pay as far as rental rate, but they don’t want to go through the risk and responsibility of a buildout,” he said. “Spec suites is a program where the landlord takes on that risk.”

Read: Georgia high school shooting: Colt Gray, Colin Gray appear in court

Click here to read the full story on the Orlando Business Journal’s website.

Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

©2024 Cox Media Group