The final building within 301 Business Center was the only delivery this quarter, totaling 208,741 sq. ft. The building continues to have interest from multiple parties as the largest existing class A block in East Tampa currently.
Net absorption for the year pushed past 1 million sq. ft., in line with historical trends but relying on quickly shrinking new construction.
Rent growth can now be driven by just 1-2 large availabilities, making analysis of signed leases a more useful tool for gauging the market.