Wednesday, February 21, 2007

Demand for office space to remain strong through 2014

According to a research report sponsored by the National Association of Realtors in late 2006, the demand for office space in Orlando is expected to remain high for the forseeable future based on increasing and projected job growth numbers.

The report also indicates New York City and Southern California lead the nation with the lowest office vacancy rates while Dallas holds the title for highest vacancy currently at 22%. The current national average vacancy for office buildings is at approximatley 13%.