Report | Tampa Law Firm Outlook - 2015
Tampa-area law firms looking for quality large blocks of space are dealing with a current lack of available supply up for lease, while many smaller firms are finding their options for space limited as well.
The market’s rental rates are rising, as vacancy numbers decline in this landlord-favorable period, leaving few established landlords willing to make concessions towards tenants.
A number of buildings are now under new ownership, with some of these new landlords willing open negotiations on renewals before a tenant’s lease has expired, potentially giving them the ability to lock in a more favorable rate.
With vacancy rates staying low, new development could come to the downtown area, including at the Trump site.
Our local Law Firm Perspective provides a thorough overview of the Tampa market to help you better shape your strategy. We explore conditions across Tampa’s submarkets, from rental rates—including premiums for Trophy space and discounts for Class B space—to demand among professional and business services firms.
(Click here to see an overview of 2015 national law firm trends and market comparisons.)
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