Tampa 2021 Q3 Market Report

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Tampa office market shows signs of stability and growth in Q3

By the majority of indicators, the Tampa Bay area office market continues to trend towards recovery as it reflects strong and stable fundamentals across sectors. In addition, the area’s attractiveness to corporate occupiers continues. Early in the third quarter, Strategic Property Partners, the Tampa-based real estate firm behind the 56-acre Water Street Tampa District, delivered its first office tower in the district - a 20-story, Class A building named Thousand & One after its location at 1001 Water Street. Shortly thereafter, cyber-security firm ReliaQuest announced it leased 123,968 square feet (sf) across the top six floors, and will relocate its corporate headquarters there from multiple locations in the area. ReliaQuest also said it will not only move 400 employees into the new headquarters but also intends to hire another 150 to 200 more this year.

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