Tampa office market reports

Q2 2024

The Tampa unemployment rate has decreased 30 basis points since last quarter to 3.0%, remaining well below the US national average of 4.0%. Total nonfarm employment experienced a 1.6% increase year-over-year, with the education and health services sector achieving a notable 3.6% increase during that same time.

81 months

Longest average lease term

Media, PR, telecom, and entertainment tenants have signed the longest average lease terms this year at just under 7 years.

44.5%

Increase in job postings

After a second consecutive quarter of increasing job postings, the overall number of office using job postings has increased 44.5% since the end of 2023.

$151m

Largest office sale since 2015

100 North Tampa sold to The Brookdale Group in June in the largest Tampa office sale since 2015. The building sold for slightly more than its previous sale in 2007.

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