On average, listings lease in the $10's per square foot per year. The North Orlando region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 20% decline in rent.
In the last 90 days, 2 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 150% of the listings in the North Orlando are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 580 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst North Orlando folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.