Winter Park Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $33.69 2024 Avg. Asking Rent
  • 10.45% 2024 Office Vacancy Rate
  • $14.4M2024 Total Office Sales
  • $387.71Avg. Sale Price/SF

Winter Park office price per square foot in 2024 was $33.69 on average. The local office market recorded an average vacancy rate of 10.45% across all asset classes combined. The 3 transactions that closed here throughout 2024 amounted to a total sale volume of $14.4M. Winter Park office space commanded an average sale price per square foot of $387.71.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Florida Class A & A+ Office Space$40.20
  • Florida Class B Office Space$27.71
  • Florida Class C Office Space$22.62

Winter Park, FL Office Asking Rents by Class

2024 Office Vacancy Rates in Winter Park

Submarket Asking Rents Vacancy Rates
Northeast Orlando $39.21 12.71%
University $29.55 23.98%
Maitland $28.54 18.19%
East Seminole County $27.13 27.88%
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 Winter Park market was 10.45% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Winter Park was 12.71% in the Northeast Orlando submarket, while the highest office vacancy in the market was 27.88%, recorded in East Seminole County.

Office Spaces for Rent in Florida

Winter Park Office Sale Price per SF

  • $387.712024 Avg. Price per SF
  • $14.4M2024 Office Sales Volume
  • 32024 Number of Transactions

Winter Park, FL Sale Price per SF Trend

  • Winter Park Avg. Sale Price per SF in 2024$387.71
  • Florida Avg. Sale Price per SF in 2024$221.95
The sale price for office space in Winter Park averaged $387.71 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Florida average office sale price during the same time period was $221.95 per square foot.

2024 Office Sales Volume

  • Winter Park, FL Total Office Sales Volume in 2024 $14.4M
  • Winter Park, FL Total Number of Office Sales Closed in 2024 3
A total of 3 deals closed on the Winter Park office market in 2024, adding up to a yearly sales volume of $14.4M. Notably, the largest transaction on the market saw 145 & 165 Lincoln Avenue change hands for $8,950,000 on 3/20/2024.
Data provided by Commercial Edge

Coworking Spaces in Florida

2024 Office Construction in Winter Park, FL

  • Winter Park, FL Total SF under construction in 2025 18,524
Largest Office Properties Recently Completed in Winter Park
Office building Address SF Completed
Heritage Park 941 West Morse Blvd, 32789 86,000 2013
631 & 655 West Morse Blvd 655 West Morse Blvd, 32789 41,653 2000
338 & 398 West Morse Blvd 338 West Morse Blvd, 32789 20,616 1998
Daniel Building 2111 Glenwood Dr, 32792 33,638 1997
1008 S Orlando Ave 1008 S Orlando Ave, 32789 6,150 1990
Chantilly Court 1555 Howell Branch Road, 32789 34,400 1988
1000 S Orlando Ave 1000 S Orlando Ave, 32789 13,086 1988
925 S Denning Dr 925 S Denning Dr, 32789 812 1984
One Winter Park 1801 Lee Road, 32790 68,583 1983
227 S Orlando Ave 227 S Orlando Ave, 32789 3,500 1982

Worth noting among recent office completions on the Winter Park market is Heritage Park, which is currently the largest new office development in the city, at 86,000 square feet.

Data provided by Commercial Edge

See reports for other markets

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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Winter Park 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.