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As we made our way into the end of the first half of a truly unprecedented year, sales started to pick up although still showing year-over-year declines. In June, the office market transaction volume was $17,739,000 versus $66,800,100 in 2019, reflecting a -73.4% YOY decrease....

Employment trends have a direct impact on office demand. As foreseen, national employment in office-using sectors has seen job losses. However, at a 5.6% decline YOY in July 2020, it demonstrates better performance than the overall economy which experienced a decrease of 7.5%...

While a lot has changed over the last few months, one thing hasn’t–and that’s Tampa’s continuing growth, national visibility, and strategic importance. One of the many companies that are making major moves in the Tampa area is Amazon. The retail behemoth...

A look at macro and micro trends including my monthly Tampa Office Sales Comps Report The Big Picture As we move into the second half of this unprecedented year, more companies are starting to make decisions and moves to accommodate the new workplace reality. Just this week,...

Resilience is the new “normal”. COVID-19 has presented challenges for everyone, including office property owners. We’re living through extraordinary times, but while circumstances are changing daily, we can navigate these difficulties by looking at data, tracking evolving market...

Office Market Mid-Year Executive Update As we move into the second half of the year, and the second wave of COVID-19, office property investors are standing by to see how the pandemic affects the office market. While many feared the dramatic exodus from office to remote work that...

The Tampa-St. Petersburg-Clearwater area unemployment numbers are out. Here’s a snapshot of what took shape in May: The unemployment rate in our area decreased month-over-month from 13.2% to 13.1%, potentially benefitting slightly from the beginning of the business and...

The COVID-19 pandemic hit the United States like a ton of bricks. The hardest hit cities closed down for months with many local governments imposing stay-at-home and shelter-in-place orders. Non-essential office workers were asked to work from home leaving empty buildings across...

Over the last few years, we’ve been enjoying a boom in the commercial real estate markets, and here in Tampa, the benefits of a strong and rapidly flourishing economy. In the midst of this bustling economy and strong growth for office property owners, we were blindsided by...

In December, there were 24 medical and professional office sales transactions executed in the Hillsborough County/Tampa area*:  Total Transaction Volume was approximately $25,895,400 AVG Sale Price:Professional: $1,119,359 | Medical: $634,750 The AVG Price/SF:Professional Office:...