From Submarkets to Micro-Markets,
Tampa’s Evolving Office Landscape
Over the past few years, Tampa’s economic growth has spurred increased interest from outside investors, developers and tenants. Many buildings have traded hands, vacancy has markedly declined, and lease rates continue to rise. As the market expanded, areas that historically have been less sought-after are now prime targets for redevelopment and growth. Today, these areas are the talk of the town, including developments such as Water Street (Tampa CBD), Heights Union (N. Tampa CBD), Central Ave. (St. Pete CBD) and Midtown (Westshore). Each of these areas are becoming their own micro-markets across greater Tampa Bay.