Search
 

Office Tenants Prefer Subleasing Lately

TAMPA, FL-Brokers see an uptick in deals involving class A space no longer needed.

By Carl Cronan | Updated on May 26, 2009

(Carl Cronan is editor of Real Estate Florida.)

TAMPA, FL-Proving there’s always someone out there willing to take on someone else’s surplus, office tenant prospects in the Tampa Bay market are actively seeking sublease space no longer needed by primary tenants. One local broker has compiled four such deals totaling more than 58,000 square feet in recent weeks.

Jack Hoskins, senior vice president with CB Richard Ellis in Tampa, negotiated a 25,127-square-foot sublease on the top floor of the 11-story Bayport Plaza building on Rocky Point to Walter Investment Management on behalf of MMA Financial. Also, at the nearby Waterford Plaza building, Hoskins negotiated a 13,396-square-foot sublease to law firm Groelle & Salmon by Aon Consulting.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.