October 22, 2019 Comments Off on Report: Tampa Flex Office Inventory Has Grown 350% Since 2010 Views: 409 Central Florida, Florida News

Report: Tampa Flex Office Inventory Has Grown 350% Since 2010

Order Reprints...

Tampa is the seventh-fastest-growing flexible office space market in the U.S. on a percentage basis, according to a new report from CBRE. The market’s flexible space inventory grew to 564,000 square feet by the end of Q2 2019, an increase of 205,000 square feet or 57%, from a year earlier.

Since 2010, Tampa’s flexible-space inventory has grown 350%. Tampa now has 19 flexible-space operators across 35 locations, most of which are concentrated in Tampa’s downtown submarket.

“Flexible office space is creating a range of options and benefits for investors, developers and tenants,” said Mike DiBlasi, Managing Director at CBRE. “It has provided a successful path for investors to lease large blocks of vacant space, while also fulfilling the preleasing required to kick-off new development projects. With the shift of employers now chasing the employee and Tampa’s strong job market, we are seeing flexible office space as a way for corporations to set up flagship locations in Tampa.”

Read Full CBRE Report

Connect With CBRE’s Tampa Office

Subscribe to Connect Daily Florida

For comments, questions or concerns, please contact David Cohen

Tags: ,

Comments are closed.

Send this to a friend