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Downtown Orlando. Photo: Sean Pavone/ Demand is outpacing supply in Orlando. Photo: Sean Pavone/

While 2020 was a challenging year for office markets around the country, activity is beginning to return to the Central Florida office market, according to the Colliers Orlando office Q4 2020 report.

At the end of Q4, office vacancy averaged 9.2%, a sharp increase from the 7.2% posted at the end of Q4 in 2019. While nearly all markets felt the effects of the pandemic, Colliers says that only the East Orange and South Orlando submarkets registered positive absorption.

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