Water Street Tampa is a trophy-tier Tampa submarket with average asking rent around $52/sqft/yr.

  • Average asking rent: $52/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.

Water Street Tampa, Tampa office rents and availability

Water Street Tampa is a trophy-tier Tampa submarket with average asking rent around $52/sqft/yr.

TL;DR

  • Average asking rent: $52/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

Water Street Tampa averages around $52/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

Master-planned waterfront trophy district. Hedge funds, family offices, financial services, professional services.

Key facts

cityTampa
submarketWater Street Tampa
tiertrophy
averageRentLocal$52/sqft/yr
cityClassARentUsd$38/sqft/yr
cityVacancyPct18.6%

Frequently asked questions

What is the average Class A rent in Water Street Tampa, Tampa?
Around $52/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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