Orlando_Office_Skyline_Review_Q1.2014_ev
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Transcript of Orlando_Office_Skyline_Review_Q1.2014_ev
COLLIERS INTERNATIONAL CENTRAL FLORIDA622 E Washington StreetSuite 300Orlando, FL 32801Office 407 843 1723Fax 407 843 4485www.colliers.com/orlando
Central Florida
Accelerating success. Central Florida
Downtown Orlando Skyline ReviewCLASS “A” OFFICE PROPERTIESFLOOR-BY-FLOOR SPACE ANALYSIS / 1ST QUARTER 2014
COLLIERS INTERNATIONAL | CENTRAL FLORIDA
NORTH
1 WELLS FARGO TOWER
2 111 N. ORANGE AVENUE
3 CENTENNIAL BANK
4 BANK OF AMERICA CENTER
5 THE PLAZA
6 SUN TRUST CENTER (MAIN TOWER)
7 SEASIDE PLAZA
8 THE CITRUS CENTER
9 LINCOLN PLAZA
10 CNL CENTER II
11 CNL CENTER I
12 ONE ELEVEN
13 ONE ORLANDO CENTRE
14 CAPITAL PLAZA ONE
15 CAPITAL PLAZA TWO
16 GATEWAY CENTER
17 EOLA PARK CENTER
23
4
S ORANGE AVENUES ORANGE AVENUE
N MAGNOLIA AVENUE
N MAGNOLIA AVENUE
S ROSALIND AVENUES ROSALIND AVENUE
N EOLA DRIVE
N EOLA DRIVE
NSUMMERLIN AVENUE
N SUMMERLIN AVENUE
W CENTRAL BLVDW CENTRAL BLVD
W SOUTH STREETW SOUTH STREETE SOUTH STREETE SOUTH STREET
E ROBINSON STREETE ROBINSON STREET
E COLONIAL DRIVEE COLONIAL DRIVE
E PINE STREETE PINE STREET
E CHURCH STREETE CHURCH STREET
N ORANGE AVENUEN ORANGE AVENUE
LAKE EOLA
SPESSARD L. HOLLAND EAST-WEST EXPY
SPESSARD L. HOLLAND EAST-WEST EXPY
1
5
67
8
9
10
11
12
13
1415
16
N ORANGE AVEN ORANGE AVE
17
23CLASS “A”BUILDINGS
20%VACANCY
$25.39AVERAGE ASKING RATE (FS)
6.09MILLION SQ. FT.
INVENTORY
Downtown Orlando Q1 2014
Downtown Orlando Class “A” Office BuildingsFLOOR-BY-FLOOR SPACE ANALYSIS | 1ST QUARTER 2014
Central Florida
This document has been prepared by Colliers International Central Florida for advertising and general information only. Colliers International Central Florida makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International Central Florida excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2013. All rights reserved.
Direct Sublet
FLOOR31
30
29 28
27 7,664 14,767
26
25
24
23 165 - 90522
21 1,108 1,604 10,89120
19 19,03218 1,088 - 5,760 6,54117 2,608 7,582 20,950 22,18916 1,000 - 7,949 3,150 3,802 20,950 20,858 20,858 6,052 3,540 10,026
15 1,000 - 7,949 1,570 1,840 20,266 20,950 1,109 3,100 21,899 21,899 12,25014 2,037 3,483 1,000 - 7,949 315 6,047 5,889 12,25013 1,346 2,527 1,000 - 7,949 3,920 17,186 11,76912 4,763 5,499 1,212 9,689 3,337 898 5,438 2,138 - 6,116 3,220 3,260 80011 5,457 5,959 2,310 - 2,618 4,759 5,185 13,511 5,822 26,372 3,292 4,978 72610 815 2,860 1,751 2,579 6,881 19,730 2,121 6,258 19,651 8,294 21,8349 2,386 3,357 4,323 6,740 2,462 2,350 16,7788 2,814 10,670 1,000 - 7,949 2,811 - 9,463 26,372 13,9127 1,760 - 2,654 2,318 7,949 25,761 11,508 1,926 1,216 9,705 2,466 1,6106 2,012 1,977 8,000- 17,186 7,034 12,2465 7,832 1,187 - 3,325 6,372 20,4404 1,227 1,477 11,521 2,601 6,6733 12,586 1,304 1,243 1,555 19,3362 2,641 1,000 - 7,949 2,698 - 10,389 17,592 1,818 6,295 4,411 2,293 2,4051 3,348 9,556 1,296 - 4,948 1,156 4,995 3,205 7,756 4,179 5,071 410 4,719
Total Bldg Size (RSF) 272,905 245,188 128,791 421,069 500,000 640,741 280,407 260,751 246,117 274,946 366,015 162,240 355,783 243,298 301.000 228,241 169,065
Asking Rates (FS) $22.50 $23.50 Withheld $20.00 - $25.50 $21/FS-28.00/MG Withheld Withheld Withheld $28.50 Withheld $30.00 $24.00 $23 - $25 Withheld Withheld $24.00 Withheld
Avg. Floor Plate 16,881 11,675 7,517 17,189 20,000 21,543 18,248 17,186 24,113 22,912 24,710 22,000 18,000 16,219 20,181 21,834 11,271Avail. Space (RSF) 61,544 43,427 79,482 83,981 122,791 163,214 14,244 49,184 65,149 14,726 66,872 98,056 59,150 9,227 45,465 69,350 44,580
Occupancy (%) 77.4% 82.5% 38.3% 80.0% 75.4% 74.6% 94.9% 81.1% 73.5% 94.6% 81.7% 39.5% 83.3% 96.2% 84.9% 69.6% 73.6%
Wells Fargo Tower
20 N. Orange Avenue
111 N. Orange Avenue
Centennial Bank
250 N. Orange Avenue
Bank of America Center390 N. Orange
Avenue
The Plaza121-189
S. Orange Avenue
Sun Trust Center
200 S. Orange Avenue
Seaside Plaza201 S. Orange
Avenue
The Citrus Center
255 S. OrangeAvenue
Lincoln Plaza300 S. Orange
Avenue
CNL Center II420 S. Orange
Avenue
CNL Center I450 S. Orange
Avenue
One Eleven111 N. Magnolia
Avenue
One Orlando Centre800 N.
Magnolia Ave
Capital Plaza One
201 E. Pine Street
Capital Plaza Two
301 E. Pine Street
Gateway Center
1000 Legion Place
Eola Park Centre200 E.
Robinson Street
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
COLLIERS INTERNATIONAL CENTRAL FLORIDA622 E Washington StreetSuite 300Orlando, FL 32801Office 407 843 1723Fax 407 843 4485www.colliers.com/orlando
Central Florida
Accelerating success. Central Florida
Downtown Orlando Skyline ReviewCLASS “A” OFFICE PROPERTIESFLOOR-BY-FLOOR SPACE ANALYSIS / 1ST QUARTER 2014
COLLIERS INTERNATIONAL | CENTRAL FLORIDA
NORTH
1 WELLS FARGO TOWER
2 111 N. ORANGE AVENUE
3 CENTENNIAL BANK
4 BANK OF AMERICA CENTER
5 THE PLAZA
6 SUN TRUST CENTER (MAIN TOWER)
7 SEASIDE PLAZA
8 THE CITRUS CENTER
9 LINCOLN PLAZA
10 CNL CENTER II
11 CNL CENTER I
12 ONE ELEVEN
13 ONE ORLANDO CENTRE
14 CAPITAL PLAZA ONE
15 CAPITAL PLAZA TWO
16 GATEWAY CENTER
17 EOLA PARK CENTER
23
4S ORANGE AVENUES ORANGE AVENUE
N MAGNOLIA AVENUE
N MAGNOLIA AVENUE
S ROSALIND AVENUES ROSALIND AVENUE
N EOLA DRIVE
N EOLA DRIVE
NSUMMERLIN AVENUE
N SUMMERLIN AVENUE
W CENTRAL BLVDW CENTRAL BLVD
W SOUTH STREETW SOUTH STREETE SOUTH STREETE SOUTH STREET
E ROBINSON STREETE ROBINSON STREET
E COLONIAL DRIVEE COLONIAL DRIVE
E PINE STREETE PINE STREET
E CHURCH STREETE CHURCH STREET
N ORANGE AVENUEN ORANGE AVENUE
LAKE EOLA
SPESSARD L. HOLLAND EAST-WEST EXPY
SPESSARD L. HOLLAND EAST-WEST EXPY
1
5
67
8
9
10
11
12
13
1415
16
N ORANGE AVEN ORANGE AVE
17
23CLASS “A”BUILDINGS
20%VACANCY
$25.39AVERAGE ASKING RATE (FS)
6.09MILLION SQ. FT.
INVENTORY
Downtown Orlando Q1 2014