450,000 square feet of competitively priced sublease space is available in Orlando’s prime area for research & development near the University of Central Florida (UCF)
Orlando, Fla. – One of the largest office spaces in Orlando’s history is now available for sublease next door to one of the country’s largest higher education institutions, the University of Central Florida (UCF). The 450,000 square foot space represents almost one-third of the current amount of office sublease space available in the region and presents a significant opportunity to secure a large amount of corporate office space.
“This available space represents a once in a lifetime opportunity for Orlando to be competitive for a major, large headquarters or regional office,” said Rick Solik, executive managing director of Colliers international, the broker marketing the space.
“With so many companies re-thinking their operations, especially in high-cost locations like New York and California, this amount of available space puts Orlando on the map for a substantial relocation project.”Rick Solik, executive managing director of Colliers international
The space includes two adjacent buildings located at 11842 and 11950 Corporate Boulevard Orlando, FL 32817. Each building offers over 250,000 square feet of rentable space, with four floors approximately 56,000 square feet each.
“The Orlando business community is ready to welcome a new headquarters location,” said Tim Giuliani, president and CEO of the Orlando Economic Partnership. “After significant relocation announcements recently including Disney, Grant Thornton, KPMG, AssuredPartners, InnovaCare Health, Conti Federal Services and Sonesta, our partners stand ready to roll out the red carpet and support a new headquarters in the Orlando region.”
Our partners stand ready to roll out the red carpet and support a new headquarters in the Orlando region.Tim Giuliani, president and CEO of the Orlando Economic Partnership
Rental rates for the space are determined based on size parameters of potential new occupant(s) but will be competitively priced compared to the local and national submarket’s average rate. The average office space rental rate per square foot in the East Orlando submarket between $25-29.50 full-service gross (FSG) according to Colliers International Q2 Office Report. The buildings are classified as class “A” office space and tenant improvements will depend on the negotiated occupation rate. Long-term (seven year) and short-term (three year) lease rates are available.
The buildings include all features necessary for a corporate headquarters facility including a large kitchen area, conference and training rooms, a state-of-the-art security system and access to the area’s restaurants, hotels retail and housing.
A complete list of amenities on the buildings include:
- Open floor plates
- Full kitchen with seating
- Security system infrastructure in place
- Furniture, fixtures and equipment available
- Multiple breakrooms throughout space
- Conference and training rooms
- Lake views
- Access to hotels, restaurants, retail and housing
For more information on the available space and its amenities, visit this webpage.
About Colliers International Group
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.
About the Orlando Economic Partnership
The Orlando Economic Partnership (the Partnership) is a public-private, not-for-profit economic and community development organization that works to advance broad-based prosperity by strengthening Orlando’s economy, amplifying Orlando’s story, championing regional priorities, empowering community leaders and building a brilliant region. These five foundational objectives serve to improve the region’s competitiveness while responding to the needs of communities, residents and businesses.