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More Bay Area Office Space Sitting Empty

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Published: November 14, 2008

The Tampa Bay area office market continued to feel the impact of the general economic downturn from July through September as the overall vacancy rate increased, according to a report by commercial real estate consultancy Colliers Arnold.

13.1

Percentage vacancy rate for third quarter

12.4

Percentage vacancy rate for second quarter
12.1

Percentage vacancy rate for first quarter

10.6

Percentage vacancy rate in the third quarter of 2007

229,008
Square footage of office space added in the third quarter from three completed buildings

547,000
Square footage of space expected to be added over next six months in the West Shore area from three office buildings.

Ted Jackovics

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