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 like ...
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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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Office-Using Employment Update JAN 2021 |...
Analyzing office-using employment can reveal potential leasing trends & acquisition and disposition opportunities. In two of the three office-using employment sectors in the Tampa-St. Petersburg-Clearwater MSA measured for this report, we’ve seen month-over-month increases between September and November 2020, with the third remaining unchanged. INFORMATION SECTOR | JAN-NOV 2020 ...
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H2C’s MOB Quarterly Update | DEC 20...
Health systems lead third-quarter activity as cap rates show modest compression during a quarter that saw lower transaction volume. The H2C’s second quarterly medical office building (“MOB”) report reflecting the full impact of the COVID-19 pandemic. While COVID-19 continues to weigh on transaction volumes, with volumes totaling only $1.6 billion, marking the lowest quarterly transaction vol...
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Tampa Office Sales Comps & Report | ...
2020 has been a roller coaster. Little by little, parts of the economy have been starting to move toward recovery. Metrics for October 2020 show a continuation of the upward trend, including transaction volume growth, an increase in the number of transactions, and climbing AVG $/SF to reflect the ongoing recovery In October 2020 a total of 16 transactions took place in the Hillsborough County/Tamp...
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MOBs Are Hot Right Now
Is it time to sell and cash-out to invest in higher-yielding asset classes? Some investors seem to think so. Many property types have taken a hit over the last few months in pricing and transaction volume. While transaction volume has certainly been impacted, medical office building (MOB) pricing continues to hold steady while the price per square foot for the asset class has actually trended upwa...
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Tampa Office Sales Comps & Report | ...
This has been a rough year. Office property owners and especially medical office owners, however, are seeing values fare better than expected. Metrics for September continue to show improvement across the board including month-over-month transaction volume growth, number of transactions, and AVG $/SF. In September 2020, 14 transactions took place in the Hillsborough County/ Tampa area for a to...
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Tampa Office Leasing Update
The Tampa office market is doing relatively well, despite the pandemic. ? Over the last 24 months, we’ve held relatively steady at an average vacancy rate of about 7.5%. ? Annual rent growth remains one of the strongest in the country. It’s currently hovering at approximately +1.8% YOY. ? 1 & 2-star office properties have held down the vacancy rate average coming in a...
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