Office downsizing in Orlando continues as hybrid work is here to stay
![chart of office lease comps by deal size in square feet from 2022 to 2023 in Orlando, Florida](/documents/35486/96633304/Orlando+data+bite+5-9-23.png/0bf67e30-aa6c-eec7-70bd-f739b6e29251?t=1683670651514)
- Orlando office tenants downsized footprints by 23% year-over-year, with an average lease size of 4,000 square feet.
- Deal volume has rebounded to pre-pandemic levels, totaling 685 office leases in 2022.
- Companies continue downsizing their footprints and upgrading to highly amenitized buildings to improve the office environment as employees return on a hybrid basis.
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US-FL-ORL Orlando