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 at about 6.9%.
📌 4 & 5-star office, not surprisingly, was at about 9.6%
Overall, we’re in good shape.