Tampa Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Tampa is $30.35 per square foot, 0.96% higher compared to the previous year.
  • The average sale price for office space in Tampa is $188.46 per square foot, marking an increase of 21.11% compared to 2024.
  • The market’s vacancy rate stands at 13.60%, lower than the state average of Florida, which is 15.13%.
  • Renting Class A/A+ office space here costs $37.89 per square foot, while Class B averages $25.06 and Class C stands at $17.83.
  • 208,000 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $30.35 2025 Avg. Asking Rent
  • 0.96% Y-o-Y Avg. Asking Rent Change
  • 13.60% 2025 Office Vacancy Rate
  • $486M2025 Total Office Sales
  • $188.46Avg. Sale Price/SF

What is the average asking rent price for office space in Tampa?

Average asking rents for office space here stand at $30.35 per square foot. The local office market recorded an average vacancy rate of 13.60% in 2025, unchanged from 13.60% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $486M across 22 sales. These transactions commanded an average sale price per square foot of $188.46.

Tampa, FL Office Asking Rents by Class

What is the average office rent per square foot by property class in Tampa?

  • Avg. Asking Rent Class A & A+$37.89
  • Avg. Asking Rent Class B$25.06
  • Avg. Asking Rent Class C$17.83

The average asking rent for Class A and A+ office space stood at $37.89 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Tampa averaged $25.06 per square foot, while the average for Class C space was $17.83 per square foot.

What is the average office rent per square foot by property class in FL?

  • Avg. Asking Rent Class A & A+$45.91
  • Avg. Asking Rent Class B$27.03
  • Avg. Asking Rent Class C$19.30

For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.

Tampa, FL Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Tampa was Downtown Tampa South - Islands at 0.96%. Meanwhile, the highest office vacancy rate in the market was 24.89%, recorded in Northwest Tampa.
Submarket Asking Rents Vacancy Rates
South Tampa $46.64 10.97%
Downtown Tampa South - Islands $43.00 0.96%
Tampa CBD $38.99 7.26%
Westshore $35.61 10.61%
Downtown Tampa North $33.27 11.27%
East Tampa $25.59 15.46%
Northeast Tampa $22.79 21.52%
Northwest Tampa $21.91 24.89%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $188.462025 Avg. Price per SF
  • 21.11%Y-o-Y Avg. PpSF Change
  • $486M2025 Office Sales Volume
  • 222025 Number of Transactions

What is the average sale price per square foot for office space in Tampa?

Average sale prices for office space in this market recorded a +21.11% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $188.46 per square foot. For comparison, the statewide Florida average during the same time period stood at $209.15 per square foot, while the national average was $182.48 per square foot.

Tampa, FL Sale Price per SF Trend

  • Tampa Avg. Sale Price per SF in 2025$188.46
  • Florida Avg. Sale Price per SF in 2025$209.15

What was the total office sales volume in Tampa in 2025?

The local office market recorded 22 deals in 2025, adding up to a yearly sales volume of $486M.

  • Tampa, FL Total Office Sales Volume in 2025 $486M
  • Tampa, FL Total Number of Office Sales Closed in 2025 22

What were the largest office building sales in Tampa in 2025?

The market’s largest transaction last year was the sale of Tampa Commons for $40,300,000 on 11/24/2025.
The next-highest sale was the transaction involving GTE Tower, The, which traded for $40,000,000. The third-largest transaction was the sale of Grow Financial Credit Union Headquarters for $30,395,000.

Property name Address Date Price
Tampa Commons 1 North Dale Mabry Hwy 11/24/2025 $40,300,000
GTE Tower, The 601 North Ashley Drive 7/21/2025 $40,000,000
Grow Financial Credit Union Headquarters 9927 Delaney Lake Drive 6/24/2025 $30,395,000
Grow Financial Credit Union Headquarters 9927 Delaney Lake Drive 6/24/2025 $28,000,000
Fountain Square III 4900 Memorial Hwy 7/24/2025 $25,180,000
Data provided by Yardi Research

2025 Office Construction in Tampa, FL

  • Tampa, FL Total SF completed in 2025 429,317
  • Tampa, FL Total SF under construction in 2026 208,000

How much office space was built in Tampa in 2025?

429,317 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 429,317 square feet.

Looking forward, development activity in 2026 is estimated to add 208,000 square feet of office space to the market in total.

What are the largest recent office completions in Tampa?

The largest recent office completion here is MetWest One at 253,716 square feet, completed in 2009. The next largest completions are MetWest Three and Avion.

Office building Address SF Completed
Gasworx Tampa 1701 East 2nd Avenue, 33605 120,000 2026
2409 E Lake Ave-Under Construction :: East Tampa Retail, Office, Bistro Location! 2409 E Lake Ave, 33610 5,123 2025
North Florida Office Building 10050 North Florida Avenue, 33612 75,000 2023
MetWest Three 4050 W Boy Scout Boulevard, 33607 247,691 2019
1919 E. 6th Avenue_Sale/ Lease 1919 E 6th Ave, 33605 6,681 2017
1919 E. 6th Avenue_Sale/ Lease 1919 E 6th Ave, 33605 6,681 2017
Avion 5332 Avion Park Drive, 33607 173,723 2016
Seminole Heights Professional Office / Retail 4007 N Taliaferro Ave, 33603 6,987 2012
MetWest One 4030 W Boy Scout Blvd, 33607 253,716 2009
6401 N Nebraska Ave 6401 N Nebraska Ave, 33604 2,474 2009
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.