Tampa Office Sales Comps & Report | ...
Office property sales in the time of coronavirus will undoubtedly see changes as the office property landscape shifts and adjusts to our new reality. Some changes will come as a result of the approximate two-month closure of the economy while others will be prompted by new behaviors that took shape and took hold during the pandemic. In particular, I foresee that the work from home and social dist...
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What Now? An Open Letter to Tampa Office ...
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 an unprecedented crisis. I’ve been getting inquiries from many office property owners with questions on what is th...
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Office Space Sold | DEC 2019
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: $191.95 |Medical $182.58 The largest deal of the month was in Tampa: By Sales Price, $/SF: $7.69 M consisti...
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The Working Remotely Trend…Will It ...
With so many office workers working from home, will the remote-work trend stick? Before coronavirus, the remote work trend had yet to take off in force. Early adapters like IBM who pioneered the remote work movement ended up reversing their policies calling workers back to the office as they saw productivity and collaboration weaken. However, this was circa 2017 when many of the tech tools we have...
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What is A Sale-Leaseback & How Can I...
How professional office owner/occupiers can gain access to cash, alleviate debt, and remain in their current office space. Business owners and professionals are experiencing one of the biggest challenges they have faced in their lifetime. Some industries have been hit harder than others like hotels and restaurants, while some, like grocery and delivery, are flourishing. While we know this will...
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Office Space Sold | NOV 2019
In November, there were 19 medical and professional office sales transactions executed in the Hillsborough County/Tampa area*: Total Transaction Volume: ~ $26,117,800 AVG Sale Price: Professional: $1,362,282 | Medical: $1,479,500 The AVG Price/SF: Professional: $183.21 | Medical: $270.40 The largest deal of the month was in Tampa: By Sales Price, $/SF: $10.7 M for $121.73/SF at 405 N REO ST in ...
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Office Space Sold | OCT 2019
In October, there were 12 medical and professional office sales transactions executed in the Hillsborough County/Tampa area*: Total Transaction Volume was approximately $17,428,700 AVG Sale Price: Professional: $1,918,463 Medical: $2,081,000 The AVG Price/SF: Professional Office: $318.73 Medical $161.39 The largest deal of the month was in Tampa: By Sales Price, $/SF: $8.42 M consisting of 6,000...
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Office Space Sold | SEP 2019
In September, there were 12 office sales transactions executed in the Hillsborough County/Tampa area*: Total Transaction Volume was approximately $21,659,500 AVG Sale Price: Professional: $1,860,500 Medical: $1,638,333 The AVG Price/SF: Professional Office: $204.86 Medical $183.64 The largest deal of the month was in Tampa: By Sales Price, $/SF: $10.5 M consisting of 45,484 SF By $/SF: $400 pe...
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Top 10 Most Dynamic Cities in the USA
When looking for office space, it’s essential to consider a city’s growth along with its quality of life, cost of living, and upside. A recent survey just named the Top 10 Most Dynamic Cities in the USA. Nationally, Tampa came in at #15 in Mid-Size Cities, #15 in Rise in Movers from Outside the City and #31 Overall. It also ranked 10th in Rise in Job Opportunities. Pretty good! The ran...
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Tampa Named One of the Greenest US Cities
According to a recent study by Highrises that looked at the country’s 50 most populous cities or Metropolitan Statistical Areas known as MSAs, Tampa is the second greenest city in Florida and the 11th greenest in the USA. The study considered the MSAs with the most workers over 16, ranking them with a weighted formula that looked at six sustainability metrics. These factors were: % of Commu...
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Tampa is Growing
There is no doubt about it, Tampa is booming in a variety of ways, including population growth, relocations, and labor force. With a low cost of living, the metro is attracting a growing population of families, millennials, and talent from across the country. Tampa is leading in both job and population growth rates to surpass their corresponding national averages. The city has also become a destin...
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Office Space Sold | AUG 2019
In Aug, there were 21 office sales transactions executed: Total Transaction Volume was approximately $120,458,500 AVG Sale Price Professional: $6,674,333 Medical: $3,390,583 The AVG Price/SF Professional Office: $177.77 Medical: $203 The largest deal of the month was in Tampa: By Sales Price, $/SF: $80M consisting of 262,369 SF at $304.91 /SF situated on 14.68 acres For a custom marke...
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