Orlando_Office_Skyline_Review_Q1.2014_ev

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Accelerating success. Central Florida Downtown Orlando Skyline Review CLASS “A” OFFICE PROPERTIES FLOOR-BY-FLOOR SPACE ANALYSIS / 1 ST QUARTER 2014 COLLIERS INTERNATIONAL | CENTRAL FLORIDA

Transcript of Orlando_Office_Skyline_Review_Q1.2014_ev

Page 1: 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

Page 2: Orlando_Office_Skyline_Review_Q1.2014_ev

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

Page 3: 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

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