1492 replies to this topic

[sunshine]

I thought they have a very tall Flariton builing and a Columbus tower that are purely office

[Dale]

sunshine, on Nov 7 2005, 03:18 PM, said:

I thought they have a very tall Flariton builing and a Columbus tower that are purely office

Now they've got a good bit proposed. Meanwhile, Orlando's been building office, is building office, and has lots planned for the future.  

[JRS1]

Columbus tower (=) 50 Biscayne now, all residential

However, Miami has to have more office planned or U/C than us right now, there's no way we got more.   maybe...

[jack]

Miami had 1.2M as of last week.  Orlando had 880K a couple of months ago.  But now we have less because Cornerstone is finished.

[Dale]

Let's see. CNL II and The Plaza would be what, around 700K ? Then Capital Plaza 175K, not to mention the Palm Beach Land Trust which could be well over 500K. Then throw in Dynetech, as well as portions of other mixed-use projects which are office space...and I bet we'll still be number one in the state.

But even if we were close to Miami, it would be remarkable, no ?

[prahaboheme]

Dale, on Nov 7 2005, 06:07 PM, said:

Let's see. CNL II and The Plaza would be what, around 700K ? Then Capital Plaza 175K, not to mention the Palm Beach Land Trust which could be well over 500K. Then throw in Dynetech, as well as portions of other mixed-use projects which are office space...and I bet we'll still be number one in the state.

But even if we were close to Miami, it would be remarkable, no ?

Absolutely, especially when you take into account office space per population.  What is the current existing office space in each of these two downtowns, anyone know?

[Dale]

Orlando CBD had 10.002 million sq.ft. as of 2004, according to DDB.

Not sure about Miami, but I thought I read recently 12 million sq.ft.

[sunshine]

10.02 million?Do u mean 1.2 millions?  I doubt it.

Downtown Miami has heck a lot more builginds than us if they only have only 2 more millions more than us.

[Dale]

sunshine, on Nov 7 2005, 09:50 PM, said:

10.02 million?Do u mean 1.2 millions?  I doubt it.

Downtown Miami has heck a lot more builginds than us if they only have only 2 more millions more than us.

That's what www.downtownorlando.com says ... 'downtown at a glance'.

You have to remember that Miami CBD has, I believe, the lowest percentage of office space of any major metro.

[prahaboheme]

Wow thats quite surprising.

[sunshine]

but Orlando CBD only consists of the Suntrust cluster and it sure doesnt look 10 millions sqft.

[Dale]

sunshine, on Nov 7 2005, 11:27 PM, said:

but Orlando CBD only consists of the Suntrust cluster and it sure doesnt look 10 millions sqft.

sunshine, you sound like you don't want it to be true.    

Now I will add that of Orlando's 10 mil, about 8.5 is private office space. But I believe the 12 mil for Miami would include govt as well.

[sunshine]

Just doesnt seem to add up to 10 millios. According to downtown website, Orlando CBD does not include the courthouse or BofA. If it is the entire downtown, I will give u more than 10 millions.

[jack]

Orlando's CDB is from Gore to Colonial, and I/4 to Rosalind.  It includes the Courthouse.  CNL II has almost 300 K of office space, and it looks to be smaller then CNL I.  So between the two, they probably have over 700k.  So 10 million sounds right.

[facilities man]

The whole Orlando area has a lot more office space than you might think. Downtown is just over 10 mil., the Maitland Center area is around 6 mil., the Lake Mary / Heathrow area is around 4 mil.. Just think if all those buildings were downtown.

[sunshine]

how about the unincorporated Orange County and the University Research Park?

[pip]

jack, on Nov 8 2005, 09:32 AM, said:

Orlando's CDB is from Gore to Colonial, and I/4 to Rosalind.  It includes the Courthouse.  CNL II has almost 300 K of office space, and it looks to be smaller then CNL I.  So between the two, they probably have over 700k.  So 10 million sounds right.

Actually even a bit more, I believe the CBD is more like from the 408 all the way up north past Marks St. to Lake Ivanahoe, and from I-4 it heads east to Lake Ave just past The Waverly.


http://www.downtowno...ighborhoods.pdf

[tm68]

In comparison, Metro Orlando's office market totals more than 57.1 million square feet and had an occupancy rate of approximately 90.2% as of third quarter 2005

[prahaboheme]

This might be a bit misleading though if Miami's CBD numbers do not include Brickell.  I suspect they don't.

[Brickell]

I believe that is correct.  They are considered two different office districts.  Brickell is where most of the office space has been built in the last 10 years and also where most of the new space is planned.  Coral Gables has also exploded with office growth recently and has several office projects planned there.  But this isn't taking anything away from Orlando, I agree that what they are doing in attracting business to the region is impressive.  I'm willing to bet that a majority of their new space howerver is in the far flung suburbs.