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Top 5 Tampa Bay industries represent over three quarters of total 2017 office leasing

  • ​The Tampa Bay area saw critical wins over the course of 2017, with company relocations – such as Amgen – and expansions – such as PwC, Cognizant, and WellCare – attesting to the fact that the area is a very desirable place to do business. Of the 4.5 million square feet of total leasing activity across the Bay Area in 2017, the top five industries represented over 77 percent of that square footage. Office heavy sectors, such as Insurance Agencies/Brokerages and Accounting firms, pushed the Finance & Insurance and Business Service sectors to the top of the list. Technology solutions – mainly driven by IT/Software Providers nestled in suburban office campuses – also represented a healthy share of activity.

  • The strong demand is part of a larger story to Tampa, an area that is one of the fastest growing metros in the United States with yet surprising access to talent – including the ability to attract workers to the fair climate and favorable housing affordability. With developers starting to get more aggressive on office construction, we should soon see supply meeting the demand.​​

Source: JLL Research

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