Tampa Office Sales Comps & Report | JAN – FEB 2021

Tampa Office Sales Comps & Report | JAN – FEB 2021

Wondering how much your property could sell for? Check out my latest Tampa Office Sales Comps Report.

 

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.

 

In January 2021 the total transaction volume was $18,136,300. There was a +58.4% increase YOY from $11,445,700 in JAN 2020.

    • Out of the 13 sales transactions, there were 9 professional offices and 4 medical office sales.

      • While the sales volume went up YOY, there were fewer transactions executed in JAN 2021 than in JAN 2020.
    • The AVG $/SF increased +6.8% from $190 in 2020 to $203 in 2021.

 

The largest sales transaction value for the month of February 2021 was for a professional office property in Tampa, FL. The property sold for $15,200,000.

📌  201 PALM DR, TAMPA, FLORIDA, 33613. Property specs:

  • Built-in 1967
  • 11,520 SF | 23.84 Acres
  • Price/SF $1,319

 

Wondering how much your property could sell for? To get the full details on all FEB 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
John Milsaps, a Senior Advisor at SVN Commercial Advisory Group, specializes in landlord and seller representation in Tampa's professional office and healthcare real estate sectors. His expertise in commercial office space makes him a trusted advocate for clients seeking strategic real estate solutions.

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