Q4 2020 Erhardt Land Report

TAMPA CBD Downtown Tampa offers an inspiring culture of museums, diverse cuisines and memorable dining experiences, world-class arts venues, lush city parks, and waterfront public spaces including our amazing Riverwalk. With an array of outdoor activities and frequent community events occurring throughout the year, Downtown Tampa has quickly become the hottest place to live in the southeast! Companies are attracted to downtown Tampa as a result of its impressive urban setting, which inspires business excellence and drives success. Tampa itself is a magnet for the young and educated. According to U.S. Census data, Hillsborough County’s millennial population is growing 13 percent faster than the nation as a whole, which is no surprise because of Tampa’s ideal location, high quality of life and reasonable cost of living. Boasting 18 high-rise office buildings with 8.8 million square feet of business space, Downtown Tampa is the ideal location for any business. ( tampasdowntown.com)

Tampa Riverwalk An active 2.6-mile-long (4.2 km) open space and pedestrian trail development along the Hillsborough River through downtown Tampa. Portions run alongside the Tampa Arts District and extends from near the Channelside District west to the Tampa Convention Center and north to Water Works Park in Tampa Heights

Total Submarket Population: 9,990

Office Inventory (Class A): 4.4M SF

Hotel / Lodging: 11 Establishments

Residential: 8,014 Housing Units

Food / Beverages: 166 Establishments

Direct Avg. Rental Rate (Class A): $36.57

There’s a heavy focus on creating engaging experiences and storefronts, making the neighborhood a place where people want to be —whether they’re residents, local employees or Lightning fans coming to a game. That’s what’s going to make or break this neighborhood in terms of its success,” Vinik said on the overall walkability of the district. “We must be brilliant at that.” - Jeff Vinik, Tampa Bay Lightning owner and backer of a $3 billion real estate development in downtown Tampa (bizjournals.com)

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Cushman & Wakefield