Engage in Tampa

PAGE 19

CUSHMAN & WAKEFIELD

INVENTORY (SF) Gateway

MAJOR EMPLOYERS Raymond James Financial

The Gateway area lies at the crossroads of Tampa Bay in north St. Petersburg. With immediate access to Interstate-275 and the Howard Frankland and Gandy Bridges that cross Tampa Bay, the market allows for an employee base from all of Pinellas and a majority of Hillsborough County. The Gateway area supports more than 2,700 businesses and 60,000 employees. It is home to offices for a number of the metro’s largest employers, most notably Raymond James, which has its corporate headquarters here and is one of the region’s

major financial tenants. The tenant-mix and demand drivers are heavily skewed towards financial services firms. However, there is also a healthy representation from the busi- ness services sector and private defense contracting.

4.7M 2.2M 2.2M TOTAL CLASS A CLASS B

Transamerica

FIS

Franklin Templeton

Catalina Marketing

St. Anthony’s Health

PODS

$26.24 PSF DIRECT RENT

15.8% DIRECT VACANCY

309k SF LEASING ACTIVITY

-144k SF DIRECT ABSORPTION

Progressive Insurance

DIRECT RENTAL AND VACANCY RATES

LEASING ACTIVITY & DIRECT ABSORPTION

Jabil