New and expanding tenants gave Tampa Bay the greatest office space absorption in Florida last year.
Total net office absorption in this market in 2013 was 1.4 million square feet, leading to a vacancy rate of 16.1 percent, according to CBRE’s research team. Absorption is the rate at which rentable space is filled.
The market’s asking lease rate for the year also ticked up 23 cents from 2012, to $19.75 per square foot last year.
Researchers called the trends positive signals that rents may…
New and expanding tenants gave Tampa Bay the greatest office space absorption in Florida last year.
Total net office absorption in this market in 2013 was 1.4 million square feet, leading to a vacancy rate of 16.1 percent, according to CBRE’s research team. Absorption is the rate at which rentable space is filled.
The market’s asking lease rate for the year also ticked up 23 cents from 2012, to $19.75 per square foot last year.
Researchers called the trends positive signals that rents may…