Tampa Bay's office rent growth among tops in the nation

CoStar Group ranks the region seventh strongest in the U.S.

  • By Kevin McQuaid
  • | 6:00 a.m. November 15, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Vision Properties began Renaissance VI, a 150,000-square-foot office building, on a speculative basis in 2017. It was fully leased before construction was completed, indicating the strength of the Tampa market.
COURTESY PHOTO — Vision Properties began Renaissance VI, a 150,000-square-foot office building, on a speculative basis in 2017. It was fully leased before construction was completed, indicating the strength of the Tampa market.
  • Commercial Real Estate
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Tampa Bay’s annual office rental rate growth is among the largest in the nation, according to a new statistical analysis by commercial real estate research firm CoStar Group.

Over the past 12 months, Tampa Bay’s 5.5% gain in asking office rent rakes the region seventh among all U.S. markets, CoStar notes.

 

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