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United States | Tampa, FL

Report | Tampa Bay Office Insight - Q3 2016

Summary

Numerous development projects are now underway across the Tampa Bay market with urbanization continuing to be the primary drive for growth. Class A buildings are seeing the bulk of growth, with year-over-year asking rates up 5.6 percent.

Overall leasing activity so far in 2016 has been concentrated in suburban submarkets due to the lack of available large blocks of space and all-time high asking rates in the CBD. Surburban landlords have responded by raising rates accordingly on their product over the past few quarters.​

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