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Office Insight

United States | Tampa, FL

Report | Tampa Bay Office Insight - Q1 2017

Summary

​Tampa Bay’s office market is in a strong position in Q1 2017. Rents are up 3.9 percent year-over-year and vacancy is approaching record lows. 

For the first time since 2008, a completely speculative building has broken ground. We believe it should alleviate some supply constraints when it hits the market. As of Q1, there were only 12 blocks larger than 20,000 square feet across all product segments.

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