Tampa Office Sales Comps & Report | JAN – FEB 2021

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Wondering how much your property could sell for? Check out my latest Tampa Office Sales Comps Report.   In February 2021 the total transaction volume was $33,778,600. There was a +177% YOY increase when compared to $12,183,500 recorded in FEB 2020. Out of the 14 sales...
Office-Using Employment Update | MAR 2021 by John Milsaps

Office-Using Employment Update MAR 2021 | Tampa-St. Petersburg-Clearwater, FL

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There is a lot shifting in the office landscape. Which sectors are getting back on their feet? Is it time to target a new sector for new tenants? Similar to last month, two major office-using sectors gained jobs over the year in March 2021. The Professional & Business...
Office Leasing Activity February 2021 by John Milsaps

Office Leasing Activity | FEB 2021

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How has office leasing activity changed during the pandemic? Lease renewals dominated the office leasing market activity last year with renewals accounting for 70% of it in 2020 vs 29% before COVID. 📌 According to a recent report, about 43% of the renewals in Q4 were 5 years or...
Tampa Office Sales Comps JAN 2021 by John Milsaps

Tampa Office Sales Comps & Report | DEC 2020 – JAN 2021

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As we make our way out of the COVID-induced market uncertainty, the office outlook continues to evolve. In January 2021 the total transaction volume was $18,136,300. There was a +58.4% increase YOY from $11,445,700 in JAN 2020. Out of the 13 sales transactions, there were 9...

Office-Using Employment Update FEB 2021 | Tampa-St. Petersburg-Clearwater, FL

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Employment trends have an impact on office demand. Analyzing office-using employment can reveal potential leasing trends & acquisition and disposition opportunities. Two major office-using sectors gained jobs over the year in January 2021. The Professional & Business...

Office-Using Employment Update JAN 2021 | Tampa-St. Petersburg-Clearwater, FL

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Employment trends have an impact on office demand. Analyzing office-using employment can reveal potential leasing trends & acquisition and disposition opportunities. There was consistent month-over-month growth in the Financial Activities and Professional & Bussiness...

Tampa Office Sales Comps & Report | NOV-DEC 2020

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We are halfway through the first quarter of 2021 and are happy to already see signs of a recovery. While the number of transactions is still down over the same period last year, in December we saw more volume, a higher max price, and a higher AVG $/SF YOY for the month. In...
Benefits of a Sale-Leaseback

Benefits of a Sale-Leaseback (Infographic)

I’ve gotten several inquiries about sale-leasebacks so I thought I’d post more information on what they are, and how they could benefit office property owners. 📌 A sale-leaseback offers office property owners an opportunity to access the equity and cash they have in...
The Tampa Area is growing by leaps and bounds, so where is everybody going?

The Tampa Area is Growing By Leaps & Bounds. So, where is everybody going?

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Hillsborough County’s population is projected to grow more than the Tampa MSA, the state of Florida, and the nation by 2025. As people move out of high-density metros, many look to the Tampa area. Both Hillsborough & Pasco counties are expected to grow at a faster rate...
Tampa Office Sales Comps October - November 2020 by John MIlsaps

Tampa Office Sales Comps & Report | OCT – NOV 2020

2020 was unlike any other year we’ve experienced, in general, and in the commercial real estate space. In particular, because of the nature of the pandemic, the office market was especially impacted. The worst-hit were properties located in high-density cities and central...