Maitland Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $19.31 2023 Avg. Asking Rent
  • -3.12% Y-o-Y Avg. Asking Rent Change
  • 16.30% 2023 Office Vacancy Rate
  • $21.4M2023 Total Office Sales
  • $111.63Avg. Sale Price/SF

Maitland office price per square foot in 2023 was $19.31 on average. This marked a -3.12% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.30% across all asset classes combined. The 3 transactions that closed here throughout 2023 amounted to a total sale volume of $21.4M. Maitland office space commanded an average sale price per square foot of $111.63.

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

Maitland, FL Office Asking Rents by Class

2023 Office Vacancy Rates in Maitland

Submarket Asking Rents Vacancy Rates
East Seminole County $35.00 9.05%
Altamonte Springs $19.80 14.03%
Maitland $19.70 21.45%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Maitland market was 16.30% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Maitland was 9.05% in the East Seminole County submarket, while the highest office vacancy in the market was 21.45%, recorded in Maitland.

Office Spaces for Rent in Florida

Maitland Office Sale Price per SF

  • $111.632023 Avg. Price per SF
  • -8.58%Y-o-Y Avg. PpSF Change
  • $21.4M2023 Office Sales Volume
  • 32023 Number of Transactions

Maitland, FL Sale Price per SF Trend

  • Maitland Avg. Sale Price per SF in 2023$111.63
  • Florida Avg. Sale Price per SF in 2023$213.92
Maitland office space cost in 2023 marked a -8.58% change compared to the previous year. The sale price for office space in Maitland averaged $111.63 per square foot in 2023, across all market subdivisions and asset classes. Conversely, the statewide Florida average office sale price during the same time period was $213.92 per square foot.

2023 Office Sales Volume

  • Maitland, FL Total Office Sales Volume in 2023 $21.4M
  • Maitland, FL Total Number of Office Sales Closed in 2023 3
A total of 3 deals closed on the Maitland office market in 2023, adding up to a yearly sales volume of $21.4M. Notably, the largest transaction on the market saw 850 Trafalgar Court change hands for $12,375,000 on 12/20/2023.
Data provided by Commercial Edge

Coworking Spaces in Florida

Largest Office Properties Recently Completed in Maitland
Office building Address SF Completed
Maitland Summit Park III 2001 Summit Park Drive, 32810 230,000 2009
543 North Wymore Road 543 North Wymore Road, 32751 11,580 2007
467 Lake Howell Road 467 Lake Howell Road, 32751 6,000 2007
255 South Maitland Avenue 255 South Maitland Avenue , 32751 9,880 2006
Maitland Springs III 955 Keller Road, 32751 26,826 2002
Maitland Promenade II 495 North Keller Road, 32751 230,366 2001
Genesis Health Clubs - Orlando Sportsplex & Ice 8701 Maitland Summit Boulevard, 32810 80,000 2001
482 South Keller Road 482 South Keller Road, 32810 93,252 2000
Maitland Promenade I 485 North Keller Road, 32751 241,659 1999
549 & 557 North Wymore Road 549 North Wymore Road, 32751 25,704 1999

Worth noting among recent office completions on the Maitland market is Maitland Summit Park III, which is currently the largest new office development in the city, at 230,000 square feet.

Data provided by Commercial Edge

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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 Maitland 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.