Tampa Office Sales Comps & Report | FEB – MAR 2021

Tampa Office Sales Comps & Report | FEB – MAR 2021

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 in the number of transactions, from 10 in 2020.
  • In MAR 2021 the AVG $/SF was $200, when compared to $223 recorded in MAR 2020, there was a -10.3% decrease.

 

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 transactions, from 12 in 2020.
  • The AVG $/SF increased +95.6% from $147 in 2020 to $286 in 2021.

    • It is important to note that while there have been consistent YOY AVG $/SF increases for the past 8 months, this large increase could be affected by one property that sold with a higher than average $1,319 $/SF.

 

The largest sales transaction value for the month of March 2021 was for a professional office property in Tampa, FL. The property sold for $3,420,000.

📌  2420 MISSISSIPPI AVE, TAMPA, FLORIDA, 33629. Property specs:

  • Built-in 1986
  • 7,1111 SF | 0.62 Acres
  • Price/SF $481

 

Wondering how much your property could sell for? To get the full details on all MAR 2021 sales in the Hillsborough County | Tampa area, including YOY analysis by download the Tampa Office Sales Comps & Report below, or reach out to me for more information on the local market!

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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