Engage in Tampa Bay_Q2-2020

i-75 corridor Hillsborough County’s I-75 corridor is widely regarded as one of the most prestigious office submarkets in Tampa Bay. The submarket is located in the eastern portion of the County with superior access to Tampa Bay’s major roadways, such as the Selmon Crosstown Expressway, Interstates 75, 275 and 4, US Highway 301, and State Road 60. The submarket’s accessibility and affordability has attracted high profile companies such as Johnson & Johnson, Chase, CitiCorp, Progressive Energy, Coca-Cola, Spectrum, and USAA, which all have large operation centers in the submarket. One reason the area is attractive is because it provides a cost- effective alternative to Tampa’s CBD and Westshore submarkets. It also has significant land that allows for secure multi-building campus style office parks. Its strategic location provides a bridge to the I-4 Corridor and major markets in Central Florida. In late 2017, USAA announced plans to expand upon their existing I-75 Corridor location. The expansion will net a new 240,000 sf office building, create up to 1,215 new jobs, and $164.3 million in capital investment by 2019. The original 420,000 sq. ft. office building served its purpose well, but according to USAA officials the new expansion is part of the “financial services provider’s strategy to meet the evolving needs of its growing membership by attracting the best people in talent-rich regions like Tampa.”

Total Submarket Population: 66,764

Office Inventory (Class A): 3,541,884 SF

Hotel / Lodging: 106 Establishments

Residential: 242,763 Households

Food / Beverages: 1,010 Establishments

Direct Ave Rental Rate (Class A): $25.99

“Tampa has been a great market for us, and we are thrilled to be expanding our presence in the region.” -Yvette Segura, USAA vice president and general manager in Tampa

Cushman & Wakefield

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