Market Spotlight | Downtown Tampa Office Market

Tampa's downtown office market continues to benefit from a lack of new inventory and job and population growth that has outpaced much of the state over the past several years.

An analysis of CoStar Property data from the first quarters of 2016 and 2017 shows Class A vacancy has declined by nearly 200 basis points, while central business district rents have increased by 14.6% over the same period.

And while high-profile sales and leases have diminished over the past year, as compared to activity downtown during the latter half of 2015 and the beginning of 2016, Tampa remains a robust market for investors. The second half of 2017 could see increased transactional volume based on the steady momentum, analysts contend.