Market Trend: Tampa / St. Petersburg’s Office Vacancy Decreases to 7.6%
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The Tampa / St. Petersburg Office market ended the first quarter 2017 with a vacancy rate of 7.6%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 338,579 square feet in the first quarter. That compares to positive 248,922 square feet in the fourth quarter 2016. Vacant sublease space increased in the quarter, ending the quarter at 458,747 square feet. The Class-A office market recorded net absorption…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group
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