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Tampa Bay leads Florida in office leasing

Flight to quality drives demand for top-tier buildings as older properties lose tenants
Midtown East secured 53,000 square feet in new leasing activity, bringing the building to 90% leased a few months after completion. (CoStar)
Midtown East secured 53,000 square feet in new leasing activity, bringing the building to 90% leased a few months after completion. (CoStar)
CoStar Analytics
November 6, 2025 | 7:32 P.M.

Tampa Bay is leading Florida in office leasing activity, with tenants increasingly gravitating toward newer, high-quality buildings. The market’s momentum is driven by a flight to quality, as four- and five-star properties capture the lion’s share of leasing demand while older buildings continue to shed tenants.

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