Market Report
The Tampa/St Petersburg Office market ended the first quarter 2010 with a vacancy rate of 14.2%. The vacancy rate was up over the previous quarter, with net absorption totaling negative (159,006) square feet in the first quarter. Vacant sublease space decreased in the quarter, ending the quarter at 876,314 square feet. Rental rates ended the first quarter at $19.72, a decrease over the previous quarter. A total of two buildings delivered to the market in the quarter totaling 17,410 square feet, with 150,520 square feet still under construction at the end of the quarter.
Download
Click below to download the latest market report.
