The Tampa Bay office market led the state of Florida in leasing activity in 2024 with roughly 6.6 million square feet leased. That strong level of leasing activity fueled over 100,000 square feet of absorption, the best year for the Tampa Bay region since 2021. The market’s vacancy rate has been essentially flat for the past three years at around 9.5%. These factors set the Tampa Bay office market on solid footing as 2025 gets underway.
What to watch in Tampa Bay’s office market in 2025
Historic perspective and emerging trends that could impact the market in the year to come
CoStar Analytics
January 22, 2025 | 5:22 P.M.
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