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United States | Tampa, FL

Report | Tampa Bay Office Insight - Q4 2015

Summary

2015 was another good year for the Tampa Bay office market—with vacancy rates reaching all-time lows in both the Tampa CBD and St. Pete CBD—as the larger local economy saw its seventh straight year of job growth.

With large blocks of space becoming more difficult to find and rents rising across the board, new construction has been discussed by several groups, although no speculative office developments have actually broken ground in several years.

For investors, existing sales have closed that gap, though. Two Trophy buildings sold downtown over the past two quarters for new market highs.

Learn more about what’s happening—and what we expect to occur in the coming months—across the Tampa Bay office market in our Q4 US Office Insight.

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