Updated Stats On Commercial Office Space In Tampa Bay

By Jay Wittner July 31, 2020

Data on the status of Tampa Bay’s commercial office market through the 2nd quarter are coming available.  Tampa Bay’s overall commercial office vacancy rate was 14%.  Downtown St. Pete had the lowest vacancy rate at 5%. The highest asking rental rate was $44 for downtown Tampa class A office space. At the end of the 2nd quarter the area had about 1,300,000 sq ft of office space under construction.