Tampa office values, along with rents, have climbed in the past decade

New study says office values are up nearly 30% over the past decade; experts see more growth on the horizon.

  • By Kevin McQuaid
  • | 6:00 a.m. March 6, 2020
  • | 0 Free Articles Remaining!
MARK WEMPLE — A new analysis by researcher Yardi says Tampa area office values, led by buildings like Bank of America Plaza downtown, have risen nearly 30% over the past decade.
MARK WEMPLE — A new analysis by researcher Yardi says Tampa area office values, led by buildings like Bank of America Plaza downtown, have risen nearly 30% over the past decade.
  • Commercial Real Estate
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The value of Tampa Bay office properties has jumped by nearly 30% in the past decade, the result of rent growth and the prospect for further appreciation, according to a new study and industry experts.

Tampa Bay offices sold for an average of $172 per square foot last year, vs. $134 on a per square foot basis in 2010, according to a new survey by an arm of commercial real estate research firm Yardi.

 

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