Avison Young's research team provides comprehensive and original intelligence on the commercial real estate market for our clients. Whether you need vacancy rate and absorption details for your local office, industrial or retail market, capitalization rates (cap rates) and sale prices for recent investment properties, or timely overviews of overall market trends, Avison Young offers up-to-date, reliable data coupled with expert insights from our field-based research professionals.

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Tampa Office Market Report (Q1 2021)

Tampa Office Market Report (Q1 2021) 13 Apr 2021

Downtown Tampa’s skyline continues to transform, with significant office, mixed-use, residential and hotel development beginning to come online in the Channelside area and within the urban core. Total occupancy is up 70 basis points (bps) over the past quarter to 14.8%, with sublease space accounting for 200 bps of that figure. Leasing activity during the first quarter totaled 555,121 square feet (sf) and new leasing inquiries are up even as overall deal activity continues to lag. It is expected that a greater proportion of workers will return to the office during the second quarter, allowing occupiers to better gauge their true space needs moving forward.

Click on this link to download the Q1 20201 Tampa Office Market Report