Transcription of Orlando - CCIM
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Orlando - CCIM
Copyright 2006 by Real Estate Research Corporation (RERC) and the CCIM TrendsQuarterlyOrlando89 OfficeThe fundamentals within the Orlando office market remain strong. Even with the additional supply of office space, absorption is increasing, es-pecially in the Orlando CBD, and rental rates have continue to move upward. Although all submarkets are improving, the downtown market has seen the greatest strengthening. RERC s transaction analysis indi-cates the average sale price of office space in Orlando is $157 per square foot, higher than the South regional average of $130 per square foot, but slightly below the national average of $167 per square foot.
The Orlando economy is one of the strongest in the nation, and the Orlando commercial real estate market is expected to follow suit. With continued strong employment expected, more demand and stronger fundamentals will likely be found in all property types. Demographics & Economy
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