2023 Office Space Rent & Sales
- $25.16 2023 Avg. Asking Rent
- 29.15% 2023 Office Vacancy Rate
Lake Mary office price per square foot in 2023 was $25.16 on average. The local office market recorded an average vacancy rate of 29.15% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Florida Class A & A+ Office Space$36.87
- Florida Class B Office Space$27.52
- Florida Class C Office Space$32.32
Lake Mary, FL Office Asking Rents by Class
2023 Office Vacancy Rates in Lake Mary
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Sanford | $26.55 | 2.02% |
| Lake Mary | $25.16 | 28.96% |
Office Spaces for Rent in Florida
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Coworking Spaces in Florida
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2023 Office Construction in Lake Mary, FL
- Lake Mary, FL Total SF completed in 2023 58,269
During 2023, 58,269 square feet of new office space were delivered across the market. At the close of 2023, the Lake Mary office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 58,269 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Dorchester Plaza | 4095 County Road 46A, 32746 | 24,400 | 2024 |
| The Edison at Primera - 744 Primera Blvd | 744 Primera Blvd, 32746 | 108,000 | 2018 |
| 101 Commerce Street | 101 Commerce Street, 32746 | 32,016 | 2008 |
| 1000 Primera Blvd | 1000 Primera Blvd, 32746 | 171,651 | 2007 |
| Stirling Center | 701 Platinum Point, 32746 | 125,229 | 2007 |
| Colonial Center 300 at TownPark | 300 Colonial Center Pkwy, 32746 | 149,487 | 2006 |
| 1525 International Pkwy #4051 | 1525 International Pkwy , 32746 | 3,332 | 2006 |
| Lake Mary Professional Campus | 1301 South International Pkwy, 32746 | 139,000 | 2005 |
| 1349 South International Pkwy | 1349 South International Pkwy, 32746 | 2,544 | 2005 |
| 1301 South International Pkwy #2441 | 1301 South International Pkwy, 32746 | 2,248 | 2005 |
Worth noting among recent office completions on the Lake Mary market is Dorchester Plaza, which is currently the largest new office development in the city, at 24,400 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lake Mary commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.