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Office Highlights

United States | Tampa, FL

Report | Tampa Bay Office Highlights - Q1 2011

Summary

• The recovery is underway in Tampa Bay’s office market as the trophy properties in the CBD and Westshore displayed increased activity this quarter.
• The Tampa CBD office market is beginning to tighten. Trophy space has led the market recovery with vacancy rates returning to their lowest level since 2007.
• The Westshore office market is demonstrating signs of stabilization, being led by the Rocky Point subsection of the submarket, which has recorded three consecutive quarters of declining vacancy rates.

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