Commercial Real Estate Market in Tampa, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,922 active listings and 15,595 off-market properties in Tampa, FL. Commercial property asks $320/SF to buy and $33.19/SF/Yr to lease. Office vacancy runs 18.9%, the loosest of the segments tracked here.
Market Trends
Tampa, FL spans 246.6 square miles in Hillsborough County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Tampa, FL asks $26.61/SF/Yr to lease and $382/SF to buy. Vacancy runs 18.9% in 2025, up from 13.8% in 2019. Down from a 2022 peak of 22.3%.
Retail
Retail space in Tampa, FL asks $21.55/SF/Yr to lease and $435/SF to buy. Vacancy runs 4.7% in 2025, down from 6.3% in 2019.
Industrial
Industrial vacancy in Tampa, FL runs 7.7% in 2025, up from 7% in 2019. Nearly 1.6x the 2023 low of 4.8%.
Vacancy Rate %
Multifamily
Multifamily space in Tampa, FL asks $276/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 41%
- Planned_development 25%
- Industrial 11.8%
- Commercial 11.7%
- Special 4.2%
- Civic 1%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Residential Single Family
Planned Development Alternative
Residential Single Family
Planned Development
Industrial Heavy
Market overview
Demographics & Economy
Tampa, FL has 814,472 residents in 358,062 households. Density runs 3,302 people per square mile. Median household income here is $74,303 and median gross rent $1,576 a month.
814,472
Population
358,062
Households
2.3
Avg Household Size
37
Median Age
39%
College-Educated
89%
High-School Grad
246.6 sq mi
ZIP Area
3,302
Density / Sq Mi
$74,303
Median Household Income
$45,355
Median Earnings
$1,576
Median Rent
$352,894
Median Home Value
Tools
Lease vs Buy Breakeven
At $33.19/SF/Yr lease vs $320/SF buy → buying wins if held > 1.3 years.
At a 10.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Temple Terrace | — | — |
| Brandon | — | $24.80 |
Commercial property in Tampa, FL asks $320/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tampa?
Commercial property in Tampa, FL asks an average of $320 per square foot. The 7 most recent recorded sales traded at a median of $301/SF, so asking sits 6% above the achieved median. Retail carries the highest asking price at $435/SF.
How much does it cost to lease commercial space in Tampa?
Asking lease rates in Tampa, FL average $33.19 per square foot per year. Office asks $26.61/SF/Yr as of Q2 26, down from $48.20/SF/Yr in Q1 26.
What is the office vacancy rate in Tampa?
Office vacancy in Tampa, FL is 18.9% as of 2025, up from 13.8% in 2019. Retail vacancy is 4.7%, below Office vacancy.
Which property type has the lowest vacancy in Tampa?
Retail has the lowest vacancy in Tampa, FL at 4.7%, inside a 3.8–6.3% band since 2019. For comparison: office 18.9%, industrial 7.7% and multifamily 11.3% (South).
Is it cheaper to lease or buy commercial space in Tampa?
Buying beats leasing in Tampa, FL if the property is held longer than 1.3 years, comparing $33.19/SF/Yr asking rent with $320/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Tampa market data come from?
Realmo compiles Tampa, FL figures from 7 recent recorded sales, 1,208 active sale listings, 714 active lease listings, 15,595 tracked off-market properties, the current Tampa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,208 active for-sale and 714 active for-lease listings in Tampa, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 79,516 zoned acres across 55 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- multifamily vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
