“We’re going to see vacancies rise all across the market, particularly in Lake Mary and downtown Orlando,” Alford said. Throughout Metro Orlando, 1.3 million square feet of office space is available, compared with about 891,000 in fourth quarter of last year. Before the pandemic, downtown was in the midst of a boom of new apartments. The downtown area still has more than $2 billion in projects in the pipeline, and counts more than 18,000 residents, according to the Orlando Downtown Development Board. But the group’s chief examples occurred far outside of downtown Orlando.