Tallahassee Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $21.38 2024 Avg. Asking Rent
  • 18.02% 2024 Office Vacancy Rate

Tallahassee office price per square foot in 2024 was $21.38 on average. The local office market recorded an average vacancy rate of 18.02% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Florida Class A & A+ Office Space$40.20
  • Florida Class B Office Space$27.71
  • Florida Class C Office Space$22.62

Tallahassee, FL Office Asking Rents by Class

2024 Office Vacancy Rates in Tallahassee

Submarket Asking Rents Vacancy Rates
Tallahassee - Downtown $26.46 14.38%
Tallahassee - Koger Center $24.13 9.54%
Tallahassee - Northeast $24.00 8.96%
Tallahassee - Northwest $21.00 32.74%
Tallahassee - North $19.84 13.40%
Tallahassee - East $19.00 3.27%
Tallahassee - Southeast $16.91 29.44%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Tallahassee market was 18.02% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Tallahassee was 3.27% in the Tallahassee - East submarket, while the highest office vacancy in the market was 32.74%, recorded in Tallahassee - Northwest.

Office Spaces for Rent in Florida

Coworking Spaces in Florida

2024 Office Construction in Tallahassee, FL

Largest Office Properties Recently Completed in Tallahassee
Office building Address SF Completed
2459 Mahan Dr 2459 Mahan Dr, 32308 20,222 2020
Millwood Professional Offices 2236 Capital Circle NE, 32308 1,250 2008
1591 Summit Lake Dr 1591 Summit Lake Dr, 32317 18,624 2007
2600 Centennial 2600 Centennial Place, 32308 31,204 2006
Office Building Barrington Office Park 2509 Barrington Circle, 32308 4,739 2006
2509 Barrington Circle 2509 Barrington Circle, 32308 4,739 2006
215 W College Ave Ste 102a 215 W College Ave Ste 102a, 32301 3,971 2006
540 W Brevard St 540 W Brevard St, 32301 7,762 2004
540 W Brevard St 540 W Brevard St, 32301 7,762 2004
Edgewater E Building 2324 Killearn Center Blvd, 32309 40,000 2002

Worth noting among recent office completions on the Tallahassee market is 2459 Mahan Dr, which is currently the largest new office development in the city, at 20,222 square feet.

Data provided by Yardi Research

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Tallahassee commercial properties sized 25,000 square feet or larger.

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.