Tampa office market report

[sunshine]

http://www.colliers.com/Content/Repositori..._Year-end_1.pdf

Looks like Tampa is not doing good.

[Allan]

Tampa isn't the only office market doing poorly. In fact, most office markets across the country are not doing well.

[bobliocatt]

I don't any office markets in the state are doing any good right now.

[Allan]

I can't speak for other metros, but the vacancy rate in Detroit is 17.44% in the suburbs & 14.46% in the CBD. As the economy picks up the vacancy rates will go down, but we'll have to wait for that.

[sunshine]

Downtown Orlando is 10% Vacancy and we are still building offices

[bobliocatt]

Are there any spec office towers planned for Orlando?

[sunshine]

CNL Tower II, 60% contracted

Southern Community Bank is having a make over to become Class A office.

2 more offices buildings at the Plaza.

Sanctuary and 55West have some offices.

if Hughey counts, that would be all.

Ustler Uptown project will have some offices as well.

They ar ebuilding tons of offices at the UCF Research Park, wish they will buid them in downtown.

[prahaboheme]

Lets hope we land the EA Madden people and the NASA Center..those would be great additions.

[Jahi98]

Was this a gloat post, Sunshine?

Our vacancy rate was pretty significantly affected by the exit of MCI, which literally left an entire office park vacant. Other than that, I think the Tampa Bay metro isn't doing any worst than most other major markets. I think most of the office growth and development in the metro will take place in Gateway over the next 5 to 10 years for all the reasons stated in the report.