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Tampa Bay is a growing financial services, healthcare, and logistics market. The Westshore district is the premier office submarket. Port Tampa Bay drives significant industrial and logistics demand. Florida's no-income-tax environment attracts financial sector relocations.
By Angel Campa, Founder · Updated March 2026
Commercial Space
70M sq ft
Avg Office Rent
$25–$40/sq ft
Vacancy Rate
18%
Avg Lease Term
5–10 years
Westshore office leases are FSG or Modified Gross. Industrial near the port is NNN. Retail in suburban power centers is NNN.
Florida Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for Florida →
Westshore is the dominant submarket with Class A FSG leases. Suburban Class B office uses Modified Gross or NNN. Financial services tenants typically negotiate strong CAM caps and audit rights.
Tenant reps miss costly lease clauses every week. Here are 5 red flags in commercial leases that cost tenants real money and how to spot them.
A complete reference for commercial lease financial terms. Covers base rent, escalations, NNN vs gross, TI allowances, and percentage rent with examples.
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