Memorial Center I — Sale in Tampa, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Tampa, FL 33634

Description

30,967 SF Sublease Opportunity Memorial Center I, located in the Westshore Business District, is highly visible from the Veterans Expressway. Located immediately west of Tampa International Airport and close proximity to upscale shopping, active entertainment venues, restaurants, daycare and hotels. Memorial Center I has excellent access to Veterans Expressway, W. Hillsborough Avenue, Courtney Campbell Causeway, I-275 and is minutes from Tampa International Airport, Downtown Tampa, St. Pete/Clearwater Airport and the Carillon/Gateway area.

Market Context

This office in Tampa, FL is listed for sale. It has been on the market for 195 days. Compare it against other office listings for sale in Tampa, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, average asking rents near $29.00/SF/yr, rents up 18.7% year over year, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Tampa?
About 7.4% as of Q1 2026, per multiple brokerage reports.
Is the Tampa office market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

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