Figures | Creating Resilience
Tampa Office Figures Q4 2022
January 9, 2023
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- Although macro economic uncertainty looms heading into the new year, an important gauge of future demand - tenant in market activity - remained steady during the fourth quarter with total requirements of 1.9 million square feet.
- In contrast to previous quarters, negative net absorption of -98,596 square feet was driven by large moveouts and downsizes, not the sublease market. Deviating from the trend observed over the better part of 2022.
- Slowdowns in asking rate adjustments coupled with diminishing availabilities within new construction resulted in muted rental rate growth during the fourth quarter.