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4th Quarter Market Report 2020
Tampa Bay Economy. According to the Bureau of Labor Statistics, the Tampa Bay region had an unemployment rate of 5.7% in November 2020, up from 2.7% in November 2019. The national rate was 6.7% in November 2020, so Tampa Bay appears to once again be fairing slightly...
How is My Office Building Growing When There Has Been No Construction?
Many office tenants that have signed a commercial real estate lease may be familiar with the Building Owners and Managers Association (“BOMA”). BOMA is an international organization comprised primarily of real estate professionals including developers and facilities...
9 Reasons Why You and Your Business Should Relocate to Florida
Nearly one thousand people are relocating to Florida each day. In a study on migration, HireAHelper, a digital marketplace for small moving companies found that in 22 states, Florida is the top destination for those who decide to move out. The report finds that...
Is a Sublease Right For You?
The Tampa Bay Area currently has a record 1,500,000 square feet of commercial office space available for sublease. Sublease space is usually offered at a discount to direct space. The shorter the term left on the sublease, the greater the discount as it is expensive...
3rd Quarter Office Market Summary
Tampa Bay Economy. According to the Bureau of Labor Statistics, the Tampa Bay region had an unemployment rate of 6.8% in August 2020, up from 3.3% in August 2019. The national rate was 8.4% in August 2020, so Tampa Bay appears to be fairing better than the US economy...
How to Prepare for an Office Move
Relocating your company office and prepping for an office move can be more complicated than one would initially expect. The larger the company, the more complicated the move will be. When moving to a new commercial real estate property, a good first step is to form a...
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