Figures
Tampa Office Figures - Q3 2024
October 10, 2024 5 Minute Read
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- Total vacancy dropped for the first time this year, down 10 bps to 20.1%. Direct vacancy increased to 15.7% as multiple sublease listings expired and converted to direct listings.
- Midtown East remains the only significant office project under construction but clarity around the timing of St Pete CBD’s “Halcyon at The Central” now puts the start of that vertical construction around mid-2025.
- Average asking rents have seen little movement so far this year, putting the 12 month increase at just 1.6%.