Tallahassee Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Tallahassee is $21.34 per square foot, 0.21% lower compared to the previous year.
  • The market’s vacancy rate stands at 10.75%, lower than the state average of Florida, which is 15.13%.
  • Renting Class A/A+ office space here costs $28.73 per square foot, while Class B averages $20.29 and Class C stands at $15.06.

2025 Office Space Rent & Sales

  • $21.34 2025 Avg. Asking Rent
  • -0.21% Y-o-Y Avg. Asking Rent Change
  • 10.75% 2025 Office Vacancy Rate
  • $20.1M2025 Total Office Sales
  • $96.08Avg. Sale Price/SF

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

Average asking rents for office space here stand at $21.34 per square foot. The local office market recorded an average vacancy rate of 10.75% in 2025, unchanged from 10.75% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $20.1M across 4 sales. These transactions commanded an average sale price per square foot of $96.08.

Tallahassee, FL Office Asking Rents by Class

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

  • Avg. Asking Rent Class A & A+$28.73
  • Avg. Asking Rent Class B$20.29
  • Avg. Asking Rent Class C$15.06

The average asking rent for Class A and A+ office space stood at $28.73 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Tallahassee averaged $20.29 per square foot, while the average for Class C space was $15.06 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.

Tallahassee, FL Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Tallahassee was Tallahassee - Northeast at 3.91%. Meanwhile, the highest office vacancy rate in the market was 21.16%, recorded in Tallahassee - Northwest.
Submarket Asking Rents Vacancy Rates
Tallahassee - Downtown $26.97 12.44%
Tallahassee - North $20.02 15.24%
Tallahassee - East $19.42 7.63%
Tallahassee - Northeast $19.28 3.91%
Tallahassee - Southeast $18.53 11.32%
Tallahassee - Northwest $18.00 21.16%
Data provided by Yardi Research

Explore Top Office Markets in Florida

2025 Office Sales Volume

  • $96.082025 Avg. Price per SF
  • -35.34%Y-o-Y Avg. PpSF Change
  • $20.1M2025 Office Sales Volume
  • 42025 Number of Transactions

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

Average sale prices for office space in this market recorded a -35.34% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $96.08 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.

Tallahassee, FL Sale Price per SF Trend

  • Tallahassee Avg. Sale Price per SF in 2025$96.08
  • Florida Avg. Sale Price per SF in 2025$209.15

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

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $20.1M.

  • Tallahassee, FL Total Office Sales Volume in 2025 $20.1M
  • Tallahassee, FL Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

Office Construction in Tallahassee, FL

What are the largest recent office completions in Tallahassee?

The largest recent office completion here is Tallahassee Medical Quarters at 24,000 square feet, completed in 2018. The next largest completions are 2459 Mahan Dr and Mahan Retail/Office.

Office building Address SF Completed
2459 Mahan Dr 2459 Mahan Dr, 32308 20,222 2020
Mahan Retail/Office 2459 Mahan Drive Suite 201, 32308 20,222 2020
Medical, Office or Retail Center for Lease – 2459 Mahan Drive, Tallahassee, FL 2459 Mahan Drive, 32308 20,222 2020
Medical, Office or Retail Center for Lease – 2459 Mahan Drive, Tallahassee, FL 2459 Mahan Drive, 32308 20,222 2020
20,222 SF Medical, Office or Retail Center for Sale–2459 Mahan Dr, Tallahassee 2459 Mahan Dr, 32308 20,222 2020
20,222 SF Medical, Office or Retail Center for Sale–2459 Mahan Dr, Tallahassee 2459 Mahan Drive , 32308 20,222 2020
Tallahassee Medical Quarters 2510 Miccosukee Rd, 32308 24,000 2018
Medical Office Build-to-Suit 1961 Buford Blvd, 32308 1,800 2016
Millwood Professional Offices 2236 Capital Circle NE, 32308 1,250 2008
1591 Summit Lake Dr 1591 Summit Lake Dr, 32317 18,624 2007
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.