On average, listings lease in the $30's per square foot per year. The South Eola submarket is going through a a rise in rates. In the last 3 months, the median rate increased $37 per sqft per year.
Compared to the rest of the Orlando market, the South Eola submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 120% of the available space in the South Eola are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,900 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 12 stories. Most buildings in this area were built in 2001 and are Class A.
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 walking is the most popular way to get to work amongst South Eola residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.