Commercial Real Estate Report - Tampa-St. Petersburg, FL [Office]

Property Type

View market and submarket information on Office space in Tampa-St. Petersburg, Florida. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Tampa-St. Petersburg, Florida.

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Tampa-St. Petersburg, FL - Entire Metro
Submarkets
Downtown St. Pete -70 bps  
Clearwater/Bayside -10 bps  
North Tampa 0 bps  
Downtown Tampa 10 bps  
Gtwy/Mid-Pinellas 30 bps  
Westshore 60 bps  
I-75 Corr/E Tampa 110 bps  
 
 
 

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 7.8% 7.8% 7.2% 9.6%
Median 7.6% 8.5% 6.7% 8.7%
12 Month Rolling 7.7% 8.0% 7.6% 7.8%

Commercial Real Estate News

Headline Date
 

Recent Rent Observations

Location ID Class Rent
I-75 Corr/E Tampa 94500 BC $18
I-75 Corr/E Tampa 18720 BC $18
Downtown Tampa 47390 BC $29
North Tampa 83080 BC $20
North Tampa 18110 BC $16
Downtown Tampa 17860 BC $15
Westshore 84700 BC $18
Westshore 26350 BC $18
Westshore 16590 A $22
Westshore 17700 A $29

Change From Previous Quarter

Market Rent Vac Inv
Tampa-St. Petersburg 0.0% 0 bps 0.0%
South Atlantic Region 0.0% 0 bps 0.0%
United States 0.0% 0 bps -0.0%

Metro vs. Region 0.0% 0 bps 0.0%
Metro vs. US 0.0% 0 bps 0.0%

Latest New Construction Updates

Location Size
North Tampa 0 - 140,000
I-75 Corr/E Tampa 0 - 140,000
North Tampa 0 - 140,000
Downtown St. Pete 0 - 140,000
Westshore 140,000 - 270,000
Clearwater/Bayside 270,000 - 400,000
I-75 Corr/E Tampa 0 - 140,000
Downtown Tampa 530,000 - 0
I-75 Corr/E Tampa 0 - 140,000
Downtown Tampa 0 - 140,000
View all Construction Projects

National Office Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Office Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
155. Fairfield County, CT 20.8%
156. Macon, GA 20.8%
157. Youngstown, OH 20.9%
158. Hartford, CT 21.1%
159. Sacramento, CA 21.4%
160. Tampa-St. Petersburg, FL 21.4%
161. Kennewick-Richland-Pasco, WA 21.5%
162. Cleveland, OH 21.6%
163. Davenport-Moline, IL 21.6%
164. Greensboro/Winston-Salem, NC 21.6%
165. Lansing, MI 21.6%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Tampa-St. Petersburg 0.7% 2,140 bps 0.6%
South Atlantic Region 0.9% 1,676 bps 0.8%
United States 0.6% 1,704 bps 0.9%

Metro vs. Region -0.2% 464 bps -0.2%
Metro vs. US 0.1% 436 bps -0.4%