Tampa Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, , Newmark
Quarterly office market indicators for Tampa, aggregated by CREhunt from Cushman & Wakefield, , Newmark. As of Q1 2026, average asking rent was $29.00/SF with a 18.2% vacancy rate.
Projected current office pricing — Tampa
Projected asking rent
$29.00–$31.60/SF/yr
Estimated sale value
$160–$227/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 7.4%, asking rent trend-adjusted to today). Assumes ~82% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $29.00/SF | 18.2% | -1K SF | — | Cushman & Wakefield |
| Q1 2026 | $29.00/SF | 18.2% | — | — | |
| Q4 2025 | $29.59/SF | 15.5% | — | — | Newmark |
| Q3 2025 | $29.29/SF | 15.5% | — | — | Newmark |
| Q4 2024 | $29.72/SF | — | — | 519K SF | Newmark |
| Q3 2024 | $29.47/SF | — | — | 519K SF | Newmark |
| Q2 2024 | $28.99/SF | — | — | 429K SF | Newmark |
| Q1 2024 | $28.73/SF | — | — | 429K SF | Newmark |
| Q4 2023 | $28.53/SF | — | — | 449K SF | Newmark |
| Q3 2023 | $27.83/SF | — | — | 509K SF | Newmark |
| Q2 2023 | $27.60/SF | — | — | 489K SF | Newmark |
| Q3 2017 | $31.57/SF | 0.7% | -1K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Tampa?
- As of Q1 2026, the average asking rent for office space in Tampa was $29.00/SF, per Cushman & Wakefield.
- What is the office vacancy rate in Tampa?
- The office vacancy rate in Tampa was 18.2% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Tampa market data come from?
- This report aggregates quarterly office market data for Tampa from Cushman & Wakefield, Newmark.
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