Tampa sees strongest office leasing activity in first five months of 2025
- Year to date, Florida’s office markets have recorded over 7.3 million square feet (msf) of total leasing activity and are on track to exceed 15 msf by year end.
- Tampa and Miami have seen the most leasing activity, accounting for 2.1 and 1.5 msf, respectively. Leasing activity as a share of inventory indicates how effectively a market is leasing its existing office space.
- When broken down, Tampa and West Palm Beach emerge as the top-performing markets, with year-to-date leasing activity representing 4.6% and 3.3% of total inventory, respectively. Looking ahead, Florida's office leasing activity is expected to gain momentum, driven by employers continuing to enforce return-to-office policies, leading to larger space requirements.
June 2, 2025
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