Commercial Real Estate (CRE) Rental Rates and Percentage Rent Increases In Popular Office Submarkets in the Tampa Bay Area. Submarket Q3 2014 Rental Rate Q3 2019 Rental Rate Percentage Rate West Shore $27.23 $37.41 27% Downtown Tampa $25.52 $34.50 25% Downtown St....
The Tampa Bay economy grew over the past year adding 22,140 jobs resulting in an annual growth rate of 2.0%. Most of the job growth was in the financial activities sector and the professional and business services sector. As of June 2019, the unemployment rate in...
In the first quarter there were a significant number of large firms moving to the Tampa Bay area as well as some headquarters relocations: Dynasty Financial Partners a billion-dollar wealth management firm relocated its headquarters from New York City to downtown St....
The Tampa Bay economy grew over the past year adding 26,200 jobs resulting in an annual growth rate of 1.9%. Most of the job growth was in the financial activities sector and the professional and business services sector. As of February 2019, the unemployment rate...
WeWork, the largest coworking company in the US, recently announced that it will occupy 50,000 feet in Heights Union an office building under construction in the Heights. The Heights is a mixed-use development on the northern end of downtown Tampa. WeWork is scheduled...
Many tenants are unaware that Florida imposes a specific statewide sales tax on commercial real estate leases. The tax imposed is 5.8 percent of the total rent paid. Rental payments subject to sales tax are also subject to any locally imposed discretionary sales...