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Medical office market in Tampa Bay outperforms traditional counterparts, despite recent softening

Leasing surge and hospital expansion signal long-term resilience
Medical Center at Wiregrass Ranch is a fully-occupied medical office building built in 2025 in Pasco County. (CoStar)
Medical Center at Wiregrass Ranch is a fully-occupied medical office building built in 2025 in Pasco County. (CoStar)
CoStar Analytics
December 3, 2025 | 6:17 P.M.

Tampa Bay’s medical office market continues to outperform its traditional office counterpart, even as recent closures by large physician groups have led to a temporary softening in fundamentals.

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