ORANGE COUNTY, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Office vacancy rates are at their highest point in 45 years, with Orlando reaching a local high of 16.1% in the second quarter of 2024, according to a report from CBRE.
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That amounts to 5.7 million square feet of vacant office space as of mid-year, with an expected lost rent value of $154 million.
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What’s more, 11 major metros currently have at least $1 billion worth of empty space and commercial real estate insiders predict one-quarter of existing American office space could be vacant by early 2026.
Click here to read the full story on the Orlando Business Journal’s website.
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