Q1-2019_B_Erhardt_Tampa_Bay_Area_Land

Erhardt’s Tampa Bay Land Market Overview

TAMPA BAY OFFICE MARKET OVERVIEW WESTSHORE OFFICE OVERVIEW:

• Overall vacancy at the end of 1Q19 is 11.4% compared to 9.4% last year and 11.0% last quarter. Class A is at 10.3% compared to 7.6% last year and 10.3% last quarter. I-75 OFFICE OVERVIEW: • Overall vacancy at the end of 1Q19 is at 15.3% compared to 14.2% a year ago and 17.0% last quarter. Class A is at 13.5% compared to 6.4% a year ago and 14.5% last quarter. TAMPA CENTRAL BUSINESS DISTRICT: • Overall vacancy at the end of 1Q19 is at 9.2% compared to 12.1% a year ago and 9.5% last quarter. Class A is at 7.2% compared to 9.0% a year ago and 6.8% last quarter.

Erhardt Comment: With what we’re working on, and what’s been announced, the Tampa Bay MSA is going to be delivering 805,000 SF in 5 buildings starting 4Q 2019.

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