Office Leasing Activity February 2021 by John Milsaps

Office Leasing Activity | FEB 2021

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How has office leasing activity changed during the pandemic? Lease renewals dominated the office leasing market activity last year with renewals accounting for 70% of it in 2020 vs 29% before COVID. 📌 According to a recent report, about 43% of the renewals in Q4 were 5 years or...
Tampa Office Sales Comps JAN 2021 by John Milsaps

Tampa Office Sales Comps & Report | DEC 2020 – JAN 2021

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As we make our way out of the COVID-induced market uncertainty, the office outlook continues to evolve. In January 2021 the total transaction volume was $18,136,300. There was a +58.4% increase YOY from $11,445,700 in JAN 2020. Out of the 13 sales transactions, there were 9...

Office-Using Employment Update FEB 2021 | Tampa-St. Petersburg-Clearwater, FL

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Employment trends have an impact on office demand. Analyzing office-using employment can reveal potential leasing trends & acquisition and disposition opportunities. Two major office-using sectors gained jobs over the year in January 2021. The Professional & Business...

Tampa Office Sales Comps & Report | NOV-DEC 2020

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We are halfway through the first quarter of 2021 and are happy to already see signs of a recovery. While the number of transactions is still down over the same period last year, in December we saw more volume, a higher max price, and a higher AVG $/SF YOY for the month. In...
Benefits of a Sale-Leaseback

Benefits of a Sale-Leaseback (Infographic)

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I’ve gotten several inquiries about sale-leasebacks so I thought I’d post more information on what they are, and how they could benefit office property owners. đź“Ś A sale-leaseback offers office property owners an opportunity to access the equity and cash they have in...

Tampa Office Sales Comps & Report | FEB – MAR 2021

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Wondering how much your property could sell for? Check out my latest Tampa Office Sales Comps Report.   In March 2021, the total office sales volume was $20,504,200. Compared to $15,506,500 recorded in MAR 2020, there was a +32.2% YOY increase. There was a total of 25...
The Tampa Area is growing by leaps and bounds, so where is everybody going?

The Tampa Area is Growing By Leaps & Bounds. So, where is everybody going?

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Hillsborough County’s population is projected to grow more than the Tampa MSA, the state of Florida, and the nation by 2025. As people move out of high-density metros, many look to the Tampa area. Both Hillsborough & Pasco counties are expected to grow at a faster rate...
Tampa Office Sales Comps October - November 2020 by John MIlsaps

Tampa Office Sales Comps & Report | OCT – NOV 2020

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2020 was unlike any other year we’ve experienced, in general, and in the commercial real estate space. In particular, because of the nature of the pandemic, the office market was especially impacted. The worst-hit were properties located in high-density cities and central...
John Milsaps Office-Using Employment Update Jan 2021

Office-Using Employment Update JAN 2021 | Tampa-St. Petersburg-Clearwater, FL

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Analyzing office-using employment can reveal potential leasing trends & acquisition and disposition opportunities.  In two of the three office-using employment sectors in the Tampa-St. Petersburg-Clearwater MSA measured for this report, we’ve seen month-over-month...
Medical Office Building Quarterly Update by John Milsaps

H2C’s MOB Quarterly Update | DEC 2020

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Health systems lead third-quarter activity as cap rates show modest compression during a quarter that saw lower transaction volume. The H2C’s second quarterly medical office building (“MOB”) report reflecting the full impact of the COVID-19 pandemic. While COVID-19 continues to...