Tampa Office Figures - Q2 2026

A slower pace of leasing activity in early 2026, particularly relative to the exceptionally strong
first half of 2025, has led to a forecasted period of normalization across the Tampa office market.
Demand has moderated, vacancy has largely plateaued, and rent growth has become more
selective, reflecting a market that is increasingly defined by asset quality. While leasing
fundamentals have returned to p-rpeandemic trends, we-lllocated urban submarkets and premier
office properties continue to attract the strongest tenant interest, reinforcing an ongoing -flight
to-quality mindset.

Looking ahead, the key story remains the growing imbalance between demand fo-rt iteorp office
space and the limited supply available. With premium space becoming increasingly scarce and
the development pipeline still constrained, hi-gqhuality assets are expected to maintain a
competitive advantage in both leasing and rent performance. At the same time, signs of
movement among several lon-pglanned projects suggest developers are becoming more
confident in the market’s lon-gterm outlook. If those projects move forward, they will bring new
space options online between late 2028 and 2030 and could encore the highly successful -post
pandemic deliveries that are now nearly fully leased.