Office Markets in Focus – February 2026

Navigating today’s office leasing sector requires close attention to local market conditions, asset quality, and evolving tenant behavior. Recent data on the Orlando and Chicago office markets highlights how differently two major regions are responding to the same structural forces reshaping demand.

Together, these markets underscore a central theme for 2026: office leasing success will increasingly hinge on quality, flexibility, and the ability to adapt.

Orlando’s office market entered 2026 facing its steepest demand challenges in decades. Annual net absorption stood at negative 21,000 square feet as of the first quarter of 2026, due in part to delayed move-ins tied to previously signed leases. Those delays have extended stabilization timelines and created added uncertainty for landlords.

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