Global energy technology company Siemens Energy has announced the relocation of its Orlando offices to Lake Nona Town Center, the newest Class A office building in the Lake Nona region of Orlando, Fla. The company will be occupying more than 242,000 square feet in the center of the district.
Siemens will be moving to the 6876 Marwick Lane building from Alafaya Trail, where the company has been operating for more than 40 years. Siemens will relocate its 3,000 employees to the newly built smart city sometime in 2027, with plans to continue using its hybrid work model.
Tavistock Development Co. owns and manages the property, according to Yardi Research Data. The company is the developer behind the 17-square-mile community. The project has attracted industry leaders as well as start-up companies, Tavistock Group senior managing director Rasesh Thakkar said in a statement.
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Lake Nona, the city of Orlando, the Orlando Economic Partnership and the Orlando Utilities Commission helped make this relocation a strategic one to ensure the company’s success in the area, according to Tavistock.
Design to be energy efficient, the building provides easy access to a variety of community amenities throughout Lake Nona, including a pedestrian area with retail and dining options, public art and walking trails.
The development is in a transit-oriented area, near the Central Florida GreeneWay state route. The Orlando International Airport and the Orlando Brightline station are about 7 miles from the property. Moving forward, Siemens Energy is looking to create additional jobs in North America. At the beginning of the year, the company doubled its square footage at an office building in Raleigh, agreeing to occupy the entire property.
Orlando’s office market performance
According to the latest office report from JLL, the average lease size in the Orlando market was up 33 percent year-over-year as of the second quarter. Absorption is expected to become positive by year’s end, with larger move-ins expected in the second half of 2025. Orlando is also becoming a potential market for office headquarters relocations, with an estimated 200,000 new jobs expected to come to the area across multiple industries over the next five years.
In March, TMT Properties expanded its Orlando portfolio with the acquisition of Celebration Office Center. The property traded for $31.5 million and spans 161,437 square feet. General Dynamics also renewed its 50,000 square foot lease at CP Group’s Resource Square III office building. The property is a part of a 1,000-acre, 58-building business park.
