Q3 2019 Orlando Market Report
Orlando Mayor Buddy Dyer and Ustler Development got a huge shot in the arm with the announcement of Electronic Arts moving their Maitland studio to downtown’s Creative Village. Ustler will be building a 5-story 180,000 SF class A office building due to be completed in 2021. In other downtown developments, Lincoln Property Company’s SunTrust Plaza will be completed in late 2019. Lincoln secured approvals to build a second phase just to the north of SunTrust. This mixed use 32-story office and hotel tower won approval from the Municipal Planning Board this October and will feature 210,000 SF of office. 150 N Orange, a 141,000 SF office building anchored by Aecom, will be re-vamped with 70,000 SF coming online. The Orlando Magic are looking at building a mixed-use project called the Sports + Entertainment District which has 400,000 SF of office planned.