Engage in Tampa Bay

TAMPA'S CBD HAS MORE CONSTRUCTION ACTIVITY THAN SEEN IN THE PREVIOUS 20 YEARS

CURRENT SITUATION

Office Market Breakdown

Major Leases Quarter Leased Building Name

Leased SF

Deal Type

Tenant Name

Class A, 4,210,410

Heights Union - West Building

3Q2018

AxoGen

75,000 New

Class C, 501,866

Class B, 1,653,810

1Q2018

Tampa City Center

Morgan & Morgan

60,052 Renewal

1Q2020 Sparkman Wharf

Industrious

44,000 New

1Q2019

100 North Tampa

Holland & Knight

41,427 Renewal

Class A Direct Vacancy and Rental Rates

2Q2020 Heights Union - West Building

White & Case

39,458 New

$10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00

10.0% 12.0% 14.0% 16.0% 18.0% 20.0%

SunTrust Financial Centre

4Q2018

Baker McKenzie

35,139 New

0.0% 2.0% 4.0% 6.0% 8.0%

4Q2018

Sparkman Wharf

SPP

31,826 New

$0.00 $5.00

1Q2018

Rivergate Tower

Quest Workspaces

26,505 New

1Q2019

100 North Tampa

Holland & Knight - Expansion 22,087 New

Direct Gross Asking Rental Rate

Direct Vacancy Rate

1Q2020 Tampa City Center

Mad Mobile

21,006 New

1Q2019

1001 Water Street

RSM Accounting

21,000 New

Class A Leasing Activity and Absorption

(50,000) 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000

Leasing Activity

Direct Net Absorption

16 Cushman & Wakefield

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