Figures
Tampa Office Figures - Q1 2024
April 9, 2024 5 Minute Read
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- Total vacancy increased just 30 basis points this quarter, but it was enough to push the market to a post Great-Recession high. Although the pace has slowed, corporate consolidation remains a popular tactic among firms.
- Midtown East remains scheduled for a 2025 delivery and The Central in Downtown St. Pete is working towards breaking ground on the 125,000 square foot office component this year.
- Average asking rent growth remains very modest, up just 2.9% year over year and a long way from keeping up with operating expense increases.