Downtown is a trophy-tier Tampa submarket with average asking rent around $46/sqft/yr.

  • Average asking rent: $46/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $38/sqft/yr ($38 USD).
  • Citywide vacancy: 18.6% — submarket-level availability is typically tighter at trophy tier.

Downtown, Tampa office rents and availability

Downtown is a trophy-tier Tampa submarket with average asking rent around $46/sqft/yr.

TL;DR

  • Average asking rent: $46/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $38/sqft/yr ($38 USD).
  • Citywide vacancy: 18.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Downtown averages around $46/sqft/yr for Class A, against a citywide Class A index of 38. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Reborn CBD with Water Street trophy anchor. Banking, professional services, hedge funds, law firms.

Key facts

cityTampa
submarketDowntown
tiertrophy
averageRentLocal$46/sqft/yr
cityClassARentUsd$38/sqft/yr
cityVacancyPct18.6%

Frequently asked questions

What is the average Class A rent in Downtown, Tampa?
Around $46/sqft/yr. The citywide Class A index sits at $38/sqft/yr.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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