Tampa Office Sales Comps Report | MAY-JUN...
Considering selling your Tampa area office? Find out how much your property could be worth. Check out my latest Tampa Office Sales Comps Report. In June 2021, the total office sales volume was $126,525,500 versus $25,674,100 in JUN 2020–a +393% increase YOY. There was a total of 26 transactions in MAY 2021: 24 professional office properties, and 2 medical offices. Get all the details to see ...
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Tampa Office Sales Comps & Report | ...
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 transactions, there were 10 professional offices and 4 medical office sales. There was a +16.7% YOY increase in the number of ...
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Office-Using Employment Update MAR 2021 |...
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 Services sector saw an increase of 7,700 jobs, and the Financial Activities sector saw an increase of 12,000 jobs YOY. While th...
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Office Leasing Activity | FEB 2021
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 shorter in duration. Incentives and discounts are also playing a bigger role. In the hard-hit office market of New Yo...
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Tampa Office Sales Comps & Report | ...
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 professional offices and 4 medical office sales. While the sales volume went up YOY, there were fewer transactions executed i...
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Office-Using Employment Update FEB 2021 |...
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 Services sector saw an increase of +2,300 jobs, and the Financial Activities sector saw an increase of +1,700 jobs YOY. The ...
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Office-Using Employment Update JAN 2021 |...
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 Service sectors in the Tampa-St. Petersburg-Clearwater MSA from SEP-DEC. The Information sector remained unchanged from NOV-...
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Tampa Office Sales Comps & Report | ...
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 December 2020 a total of 19 transactions took place in the Hillsborough County/ Tampa area. The total transaction volume for ...
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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 their office investment, lighten the debt load, and remain in the property. If that sounds like something you would li...
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Tampa Office Sales Comps & Report | ...
Wondering how much your property could sell for? Check out my latest Tampa Office Sales Comps Report. In March 2021, the total office sales volume was $20,504,200. Compared to $15,506,500 recorded in MAR 2020, there was a +32.2% YOY increase. There was a total of 25 transactions in MAR 2021: 17 professional office properties, and 8 medical office properties. There was a +150% YOY increase i...
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The Tampa Area is Growing By Leaps &...
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 than Florida and the U.S. market as a whole. Hillsborough’s rate of growth over the 2020-2025 period is expected ...
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Tampa Office Sales Comps & Report | ...
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 business districts (CBDs). Faring much better–although still affected–were lower-density markets and the subu...
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