Marcus & Millichap’s has updated its 2025 Orlando Office Investment Forecast. Here’s the latest:

Osceola and Lake counties continue to attract investors, with vacancy rates staying below 7% in three of the last four years. 

While 2025 marks the fourth consecutive year of positive net absorption, new office supply is expected to push the vacancy rate up to 13.6% by year-end. 

Orlando’s employment base is projected to expand by 11,000 jobs in 2025, though traditionally office-using sectors will see a modest gain of 800 new roles following job losses last year. 

After dipping last year, the average asking rent is forecasted to rise to $23.85 per square foot, signaling a recovery in lease pricing. 

Completions will exceed 2024 levels but will still fall short of the decade average. Most new deliveries will be concentrated in suburban South Orange County, increasing inventory by 0.8%.