Cap Rate Research / Office
Orlando Office Cap Rates by Submarket — 2026
Orlando office cap rates have expanded meaningfully post-pandemic. Class A product across the Orlando metro now trades in the 7.0% – 9.0% range, while Class B and value-add office is pricing 8.0% – 10.5% depending on lease rollover, parking ratio, and submarket. The cap rate ranges below reflect actively trading product, broker observations across listings, and recent comparable sales in each Central Florida submarket.
Office Cap Rates by Central Florida Submarket
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Class A Office | 7.5% - 9.0% | ↓ Softening | Office cap rates have expanded post-pandemic. |
| Class B Office | 8.5% - 10.5% | ↓ Softening | Value-add pricing for older product. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Class A Office | 7.0% - 8.25% | → Stable | Strong tenant retention supports pricing. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Class B Office | 8.0% - 10.0% | ↓ Softening | Value-add opportunity in older suburban product. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Class A Office | 7.0% - 8.5% | → Stable | Corporate tenants provide long-term stability. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Class A Office | 7.25% - 8.5% | → Stable | Defense contractor tenants provide stability. |
Office Cap Rate FAQ
What is the current cap rate for office buildings in Orlando?
Class A office in Orlando trades in the 7.0% – 9.0% range as of 2026, with the tightest pricing in Lake Mary/Heathrow and Maitland/Winter Park. Class B office trades 8.0% – 10.5%, reflecting tenant rollover risk and softening fundamentals in older suburban product.
Which Orlando submarket has the tightest office cap rates?
Suburban office submarkets with strong tenant retention — Maitland/Winter Park and Lake Mary/Heathrow — trade tightest, often 7.0% – 8.25%. Downtown Orlando CBD has reset wider to 7.5% – 9.0% as office fundamentals work through post-pandemic recovery.
Are office cap rates in Orlando firming or softening?
Most Orlando office segments are stable to softening at the Class B and CBD level, with Class A suburban office holding flat. Watch leasing velocity and rent growth as the leading indicators for cap rate compression.