Tampa’s Sublease Availability Continues To Decline for Most Major Office Areas

Sublease space has been a thorn in Tampa’s side over the past several years. The market has maintained over three million square feet of available sublease space since the second quarter of 2022, roughly 2.5% of Tampa's office inventory. However, since peaking at roughly 3.8 million square feet in the final quarter of 2022, available sublease space has been steadily declining.