Figures
Tampa Office Figures - Q1 2025
April 8, 2025 5 Minute Read
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- Relatively muted net absorption over the summer of 2024 gave way to stronger activity to end the year, bringing the annual total to just under 2.5 million square feet
- Historic high deliveries of nearly 6 million square feet significantly outpaced absorption, causing vacancy to rise from 3.9% to 5.9% over the course of the year
- Average asking rent growth has moderated, increasing by 7.5% since Q4 2023