Tampa, FL office market
Tampa's office market has remained active on a transaction basis, though volume sits well below the pre-pandemic five-year average of $1.1 billion annually. Sale prices across the market are highly fragmented by asset class and location, ranging from roughly $150/SF for distressed or high-vacancy Class B buildings to over $340/SF for fully occupied or specialty assets. Downtown Tampa and Westshore continue to outperform all other submarkets, with Class A rents exceeding $47/SF full-service and steady demand from institutional and healthcare users. Developers and hospital groups are the most active buyers, often acquiring traditional office buildings for repositioning or owner-use rather than pure investment.
What's driving Office prices in Tampa
Sale prices have largely plateaued around $184-$222/SF on average across the Tampa market since 2024, with the broadest pricing swings driven by asset class and occupancy rather than a clear directional price trend up or down.
- Flight-to-quality compression: Class A/trophy availability rate in Downtown and Westshore fell to a three-year low of 16.8% in Q2 2026, pushing up rents and values for premium assets
- Redevelopment premium: Developers and hospital groups are bidding above stabilized-investment values to acquire office sites for industrial, multifamily, or owner-use conversion, skewing sale prices upward
- Buyer-seller price gap in Class B/C: Bids are coming in 5-15% below guidance on traditional office, suppressing transaction velocity and keeping reported sale prices variable
- Limited new speculative supply: Only 303,000 SF under construction as of Q1 2026 and 53.5% preleased, limiting new competition and supporting existing building occupancy
Market intelligence
Tracking this market since Jul 2026 · 8 comps · 12-month median $187/SF · latest deal May 2026.
This quarter: 1 comp added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum FlatPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Tampa's municipal boundary, coloured to match the momentum read above.
Recent Office comps in Tampa, FL
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 100 N Tampa St, Tampa, FL 33602 listing | Jun 2024 | Sale | 572111 | $151,300,000 | $264 |
| 18210 Crane Nest Dr, Tampa, FL 33647 listing | Dec 2024 | Sale | 183047 | $41,500,000 | $227 |
| 1 N Dale Mabry Hwy, Tampa, FL 33609 listing | Nov 2025 | Sale | 265425 | $40,300,000 | $152 |
| 263 13th Ave S, Tampa, FL 33701 listing | Dec 2025 | Sale | 80991 | $28,215,000 | $348 |
| 3031 N Rocky Point Dr W, Tampa, FL 33607 listing | Feb 2026 | Sale | 206329 | $39,500,000 | $191 |
| 400 N Ashley Dr, Tampa, FL 33602 public record | May 2026 | Sale | 515965 | $94,000,000 | $182 |
| 17 Davis Blvd, Tampa, FL 33606 listing | Sep 2025 | Sale | 117647 | $22,000,000 | $187 |
| Median of 7 recent sales · $191/SF | $191 | ||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Tampa, FL, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.