PO Box 1212
Tampa, FL 33601

Pinellas
(727) 726-8811
Hillsborough
(813) 258-5827
Toll Free 1-888-683-7538
Fax (813) 258-5902

Click For A FREE Quote
TOOLS
CONVERSION CHART
STANDARD DEVIATION
MORTGAGE CALCULATOR

Updated November 2024


RETURN TO NEWS INDEX

As jobs were lost, Tampa Bay office vacancies rose in 2008
By Times Staff Writer
St. Petersburg Times
Published: Jan 7, 2009

You can't shed 30,000 jobs in a year without slamming the office market. Office vacancy in the Tampa Bay area rose by 883,000 square feet in 2008, according to Clearwater real estate firm Colliers Arnold. The dearth of tenants was worse for the 1.5-million square feet of office buildings completed in 2008. By year's end those new buildings, mostly in Tampa's West Shore and along Interstate 75, had vacancies of 55 percent. Downtown Tampa and St. Petersburg didn't show such dramatic growth in empty offices, if only because vacancies had already been comparatively high. One bright spot was Gateway, offices close to the Gandy and Howard Frankland bridges in Pinellas County. The vacancy rate among its top-quality offices remained low at 8.7 percent.



| INTRO | FAQ | RESIDENTIAL | COMMERCIAL | NEWS | RESOURCES | TOOLS | TEAM | CONTACT | CLIENTS LOGIN | PRIVACY |

FacebookTwitterLinkedin
Copyright 1999-2024, Appraisal Development International, Inc