Tampa office market reports
Q1 2025
As of the first quarter of 2025, return-to-office efforts in Tampa sit at 57.1% of its 2019 levels, slightly trailing the national average of 61.5%. Trophy buildings in Tampa have seen the highest return to office, reaching 69.6% of 2019 levels. In contrast, class A buildings have returned at a rate of 58.9%, and class B buildings at 49.3%.
Leasing activity in spaces <10,000 sf
Spaces under 10,000 square feet (sf) are the driving force in Tampa’s office leasing activity, with 90% of leased spaces falling in this category.
Trophy asking rents
Trophy asking rental rates continue climbing, ending the first quarter at $50.80 per square foot (psf)—up 8% since the start of 2020.
Construction activity
New office construction activity remains tempered, with 429,000 sf currently underway in Tampa.
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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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