Tampa office market reports

Q2 2023

Tampa’s office market experienced a significant decline in leasing activity, reaching its lowest level in a decade. A large majority of the leasing activity has been focused on new office spaces, leaving availability concentrated in older inventory. Capital markets activity has thus far exceeded expectations as sales volume is at a higher pace than it has been in the past five years.

460k sf

Leasing activity

As a result of the banking crisis, Tampa’s office market experienced its lowest quarterly leasing volume in over a decade with 460,000 square feet leased.

10.9 msf


High demand for new office space has led to the overall availability of 10.9 million square feet, a decrease of 1 million square feet since the second quarter of 2022.


Sales volume

Largely due to a few notable transactions, Tampa’s office sales volume through the second quarter is higher than levels at the same point over the past five years.


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Get in-depth office market reports from commercial real estate experts in the Greater Tampa area. Avison Young advisors look at Tampa commercial real estate activities and the latest Tampa statistics to provide you expert market research on Tampa's office properties.

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