Tampa Office Leasing Update

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 at about 6.9%.

 

📌 4 & 5-star office, not surprisingly, was at about 9.6%

 

Overall, we’re in good shape.

John Milsaps Tampa Office Leasing Update

About the Author
Though John has a broad understanding of the entire commercial market, he specializes in both professional office and healthcare real estate. As Senior Advisor, he approaches each business transaction with a unique combination of marketing, technology, and sales to ensure success and ease from start to finish.

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