For institutional fund strategies, Downtown carries the strongest investor flag in Orlando, with prime yields around 6.9%.

  • Trophy submarket (Downtown) carries the strongest investor flag.
  • Prime yield: 6.9%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Orlando office fund strategy and flag

For institutional fund strategies, Downtown carries the strongest investor flag in Orlando, with prime yields around 6.9%.

TL;DR

  • Trophy submarket (Downtown) carries the strongest investor flag.
  • Prime yield: 6.9%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Where core funds buy

Core capital concentrates in trophy stock with long-WAULT income. In Orlando, that's Downtown and assets like SunTrust (Truist) Center, Bank of America Center.

Where value-add looks

Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.

Key facts

cityOrlando
countryUnited States
regionAmericas
classARentLocal32 USD/sqft/yr
classARentUsd$32/sqft/yr
vacancy14.8%
typicalLeaseYears10
typicalRentFreeMonths12
submarkets5
primeYieldPct6.9%
primeYield6.9%
trophyAnchorDowntown

Frequently asked questions

Where do core funds buy in Orlando?
Trophy submarket — Downtown — and the most defensible long-WAULT assets within it.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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