Absorption increased significantly quarter-over-quarter, reflecting 22,981 sq. ft. in Q3 2017 and 330,288 sq. ft. in Q4 2017.
PricewaterhouseCoopers LLP (PwC) has decided to expand their presence in Tampa and is set to begin construction on a 250,000 sq. ft. Class A building in the Westshore submarket, of which they will occupy 150,000 sq. ft. Increased job growth is driving a need for more Class A office space.
Due to positive fundamentals, such as low barriers to entry, job growth and decreasing unemployment rates, more companies continue to relocate and expand into the Tampa market; thus bolstering employment and the economy through investments