Newer buildings dominate Tampa’s office demand

graph of Tampa's office net absorption by building year built from 2016 to 2024 YTD
  • Absorption on newer buildings constructed since 2010 has remained positive each of the past 10 years, indicating the high and consistent demand for top-tier office space.
  • Buildings constructed from 1990-2010 have experienced negative absorption each of the past five years, reflecting a significant impact from decreased office leasing activity since the pandemic.
  • There has been over 3.1 million square feet delivered in the Tampa office market since 2010, bolstering the market with new inventory and attracting a variety of tenants seeking high-quality, modern office space.

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