Engage in Tampa

ENGAGE TAMPA BAY 2021 Q4

PAGE 12

Office Market Snapshot

INVENTORY (SF)

45.9M 24.4M 17.4M TOTAL CLASS A CLASS B

-521k SF YTD DIRECT NET ABSORPTION

$29.65 PSF DIRECT ASKING RENT

14.4% DIRECT VACANCY

3.5MSF YTD LEASING ACTIVITY

2.7% SUBLEASE SPACE

994k SF

YTD CONSTRUCTION COMPLETIONS

DIRECT RENTAL AND VACANCY RATES

LEASING ACTIVITY & DIRECT ABSORPTION