// OFFICE MARKET OVERVIEW
// DOWNTOWN OFFICE
// HISTORICAL VACANCY
// HISTORICAL RENTAL RATES
Vacancy is
approaching alltime lows for both Class
A and B product types,
with the ability to go lower
as the market continues to
strengthen and the lack of
office construction in
progress downtown.
CBD rents
have steadily
climbed for Class
A product since 2012,
and are currently 12.5
percent higher than
their previous peak
in 2009.
2016 TAMPA PULSE // 24
// HISTORICAL ABSORPTION
Combined,
the Tampa
Bay CBDs have
experienced five straight
years of positive absorption
totaling 685,100 square
feet, accounting for 8.7
percent of the total
inventory.