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Office Insight

United States | Tampa, FL

Report | Tampa Office Insight - Q2 2017

Summary


Asking rents took another jump across Tampa Bay in Q2, despite an increase in vacancy caused by several consolidations.

The flight to quality over the past 18 months to the Tampa CBD and Westshore submarkets continues to increase landlords' leverage with tenants. As of Q2, there were only 22 blocks larger than 20,000 square feet in both the Class A and B markets.

We expect top-tier submarkets to experience significant demand throughout the rest of the year, potentially opening the door for future development.

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