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Office Space for Rent in Tampa, FL - 250 Listings

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Tampa, FL - Office Market Overview

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The Tampa metropolitan area includes the Beach Park, Harbour Island, and Tampa Palms office submarkets. With a metropolitan population of about 2.9 million, Tampa is the second-largest metro area in Florida and the fourth-largest in the Southeastern U.S.

As of mid-2017, the Greater Tampa office market encompasses over 38 million square feet of existing office space in properties larger than 50,000 square feet. A diverse and robust blend of finance, healthcare, insurance and tourism businesses maintains demand for Class A office space and commercial real estate in Tampa, FL.

Tampa, FL - Office Inventory Description

The city of Tampa is part of the Tampa Bay metro area that also includes St. Petersburg and Clearwater. With a gross metropolitan product of over $115 billion annually, the need for white-collar office space in Tampa continues to increase. Over 57% of the office space inventory in Tampa is Class A or A+, with Class B office product bringing another 41% of office inventory to the market.

The Downtown Tampa office market is home to some of the most in-demand Class A office properties in the region. Located just north of the Selmon Expressway, this submarket boasts office buildings such as the SunTrust Financial Center on Jackson Street, the Tampa City Center, and the Fifth Third Center at 201 East Kennedy Boulevard.

Tampa, FL Commercial Inventory Breakdown

Office Spaces

Total: 32,622,052 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 4,389,929 SF / 13.46% of total office
  • 100k to 500k SF: 22,523,091 SF / 69.04% of total office
  • 500k to 1M SF: 5,709,032 SF / 17.5% of total office

By class:

  • Class A+: 1,862,407 SF / 5.71% of total office
  • Class A: 17,616,487 SF / 54% of total office
  • Class B: 8,611,223 SF / 26.4% of total office
  • Class C: 292,327 SF / 0.9% of total office

Top 10 Largest Office Buildings

in Tampa

Office building Address Sqft Year built
Bank of America Plaza 101 East Kennedy Blvd, 33602 784,059 1986
Tampa City Center 201 North Franklin Street, 33602 749,035 1981
Lafayette Place SEC West Kennedy Blvd & Parker Street, 33606 700,000 n/a
7701 East Telecom Pkwy 7701 East Telecom Pkwy, 33637 695,625 1986
400 Channelside NEC South Harbor Island Blvd & Old Water Street, 33563 610,000 n/a
West View Corporate Center 402 North Reo Street, 33609 576,000 n/a
100 North Tampa 100 North Tampa Street, 33602 552,080 1992
SunTrust Financial Centre 401 East Jackson Street, 33602 526,268 1992
Rivergate Tower 400 North Ashley Drive, 33602 515,965 1988
The USAA Southeast Regional Office 17200 Commerce Park Blvd, 33647 499,180 1993

Most Recently-Built Office Buildings

in Tampa

Office building Address Sqft Year built
Medical Village of Tampa 2333 West Hillsborough Avenue, 33603 54,532 2017
Laser Spine Institute 5332 Avion Park Drive, 33607 176,089 2016
3440 West Dr. Martin Luther King Jr. Blvd 3440 West Dr. Martin Luther King Jr. Blvd, 33607 36,312 2015
James A. Haley VA Primary Care MOB 13515 Lake Terrace Lane, 33637 117,037 2014
1919 West Swann Avenue 1919 West Swann Avenue, 33606 27,446 2014
MetWest International - MetWest Two 4040 West Boy Scout Blvd, 33607 250,000 2013
USF Research Park - University Technology Center I 3702 Spectrum Blvd, 33612 52,655 2013
USF Research Park - University Technology Center II 3650 Spectrum Blvd, 33612 43,350 2013
909 North Dale Mabry Hwy 909 North Dale Mabry Hwy, 33609 27,500 2012
Ybor City Campus - Student Services Building 1320 East Palm Avenue, 33605 43,116 2010

Tampa, FL - Green Office Space

Employment

Tampa ranks 20th of the top 30 major markets in the country for green office buildings. With nearly 2% of the buildings in the metro area being LEED-Certified, over 5% have an Energy Star rating from the EPA and nearly 6% of the buildings in Tampa are otherwise rated as green.

The Tampa City Center on 201 North Franklin Street in the Downtown office market is a prime example of an energy-efficient office building. In 2010, Tampa City Center was awarded the prestigious LEED Gold certification for sustainable design and operations, and was the first property in Tampa to earn this award.

The 2017 Nation Green Building Adoption Index has seen the percentage of LEED-certified, Energy Star-rated, and green buildings in the U.S. increase from just under 5% in 2005 to 38% to date.

Tampa, FL's Top Office-Using Sectors

Government, Fortune 1000 companies, national defense and tourism all create a high level of demand for white-collar employment and, in turn, for Tampa commercial real estate.

  • Government – Hillsborough County, where Tampa is located, employs over 900,000 people and is a major user of Class A office space in the metro area.
  • National Defense – The commercial real estate market in the region is driven by the numerous service businesses and sub-contractors that serve MacDill Air Force Base, the United States Special Operations Command, and the United States Marine Forces Central Command, which are headquartered in Tampa.
  • Tourism – The Port of Tampa is the seventh-largest in the nation and provides berthing to cruise ships from Holland America, Royal Caribbean, Carnival Cruise Lines, and numerous other cruise operators.
  • Fortune 1000 Headquarters – Demand for white-collar office space in Tampa is also driven by the various corporate headquarters located in the city, including WellCare, TECO Energy, and Raymond James Financial.

Tampa Demographics

Population

  • Total Population368,087
  • Male Population(48.3 %) 177,778
  • Female Population(51.7 %) 190,309
  • Median Age35.60

Income/Financial

  • Average Household Income$78,953
  • Median Household Income$48,245
  • Median Income Under 25$27,182
  • Median Income 25-44$54,287
  • Median Income 45-64$55,547
  • Median Income Over 65$32,054

News

2019 US Office Pipeline – NYC, the Bay Area and San Francisco Set to Deliver 33 MSF of Office Space

2019 US Office Pipeline – NYC, the Bay Area and San Francisco Set to Deliver 33 MSF of Office Space

April 10, 2019

Since 2009, the U.S. economy has had more than 110 consecutive months of growth, making this the second longest economic expansion since the Great Depression. After a rather tepid 2017 performance, the U.S. office market gathered some steam in 2018, adding 76 million square feet of new office sp...

2018 Office Check-In: Top US Markets for Development, Largest Projects of the Year

2018 Office Check-In: Top US Markets for Development, Largest Projects of the Year

September 20, 2018

We’re almost halfway through H2 2018, and it’s high time to check up on construction activity, as well as the state of the U.S. office pipeline when compared to previous analyses. Last year around the same time, we looked at top U.S. cities for office delivery during the fall-winter season, and ...

Winners and Losers in the Labor Market – US States and Metros with the Highest Income Inequality

Winners and Losers in the Labor Market – US States and Metros with the Highest Income Inequality

August 21, 2018

  Ever since Gordon Gekko uttered his now infamous credo, “greed is good,” many economists have been concerned with the long-term effects of the growing income inequality in the U.S. While free-market enthusiasts see things differently, inequality has become a recurring topic within our news cyc...