Currently, Tampa’s office stock stays in the so-called position of “cautious optimism.” From a demand perspective, the net absorption continued to slow in comparison to the peak activity in 2015. The decrease of take-up activity combined with the lack of supply, keep the vacancy rates rather low. Only about 10% of office space in Tampa is ready for immediate occupation. The demand remains strong for Class A office units, which are somewhat limited in supply in Tampa. Construction activities that have recently taken place in the city were primarily focused on single-tenant build-to-suit. At the same time, several projects waiting on the pipeline will likely change this trend. Some new office buildings in Tampa are likely to be completed by the end of this year. Based on the investment activities, the appetite for office space in Tampa remains steady and tends to grow. Imbalance in supply-demand puts the upward pressure on rental rates. Tenants, who wish to rent Class A office space in Tampa, will be expected to pay around $25 per sq.ft. Fs. When looking for sophisticated office space for lease in Tampa, contemporary tenants often prefer flexible shared workspace options. Thus, the available solutions include coworking spaces, office condos, creative venues, virtual space, and so on. Offices for rent in Tampa presented on our website will cater to the needs of each and every tenant. Explore the available options and pick up your ideal one right away!
