Q3 2019 - Tampa Bay Land Market Overview

Q UA R T E R LY R E P O R T Q3 2019

Florida Retail Report 2019, Cushman & Wakefield, Chris Owen and Mark Gilbert TAMPA BAY • 281,669 square feet under construction • The majority of the square footage is in mixed use projects: Water Street, Midtown Tampa, and Cypress Creek Town Center • Retail square feet per person is 22

TAMPA BAY OFFICE MARKET OVERVIEW Cushman & Wakefield Market Overview – Tampa • Westshore Office Overview: Overall vacancy at the end of 3Q19 is 11.7% compared to 11.8% last year and 12.9% last quarter. Class A is at 10.3% compared to 10.1% last year and 12.2% last quarter. • I-75 Office Overview: Overall vacancy at the end of 3Q19 is at 21.5% compared to 10.5% a year ago and 18.6% last quarter. Class A is at 16.4% compared to 7.7% a year ago and 14.3% last quarter. • Tampa Central Business District: Overall vacancy at the end of 3Q19 is at 10.1% compared to 11.2% a year ago and 9.1% last quarter. Class A is at 9.3% compared to 8.0% a year ago and 7.8% last quarter.

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