What is the typical cap rate for office in Tampa?

About 7.4% as of Q1 2026, per curated:survey.

Is the Tampa office market tightening or softening?

Vacancy is around 18.2% (Q1 2026).

Office

The Point at Gateway

the point at gateway, st. petersburg, FL 33716

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$2.05/SF/mo

Mid

$2.56/SF/mo

High

$3.07/SF/mo

Tier Used

tax_cap_reverse

Estimated from market cap rate (7.4%), property tax rate (0.01%), and wage-adjusted baseline.

Tier Resolution Trace

Tier 1insufficient_data

Tier 2successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$2.56/SF/mo	—	tax_cap_reverse
Utilities	—	4.9¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1440/wk	BLS QCEW

Source Provenance (3)

Source	Type	Count	Year	Freshness	Peer
Market Reports	cap_rate	—	—	quarterly	—
API Ninjas	property_tax	—	—	annual	—
BLS QCEW	wage_index	—	—	quarterly	—

Data sources used

market_reportsproperty_taxwage_index

Description

Office Space Available for Lease Building & Monument Signage Available The Pointe at Gateway is a two-story office building totaling ±88,447 RSF located in the Gateway submarket in St. Petersburg, Florida. Built in 1987, completely renovated 2018 Highly functional floor plans - ±44,000 RSF floor plates Above market parking ratio - 4.5/1,000 (398 spaces) Live, Work, Play, Stay Environment Available October 2025 10,000-88,447 RSF available.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

the point at gateway, st. petersburg, FL 33716

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeFull Service

Market Context

As of Q1 2026, the Tampa office market showed a 18.2% vacancy rate, average asking rents near $29.00/SF/yr, and cap rates around 7.4%. Source: curated:survey Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$29.00–$30.27/SF/yr

Estimated sale value

$160–$217/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 7.4%, asking rent trend-adjusted to today).

View the full Tampa Office market report →

Above-average vacancy gives tenants leverage and a wide set of comparables.

Compare it against other office listings for lease in St. Petersburg, FL to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Tampa?: About 7.4% as of Q1 2026, per curated:survey.
Is the Tampa office market tightening or softening?: Vacancy is around 18.2% (Q1 2026).

Unified Estimate

Medium Confidence

$2.11/SF/mo-$2.85/SF/mo

Mid: $2.48/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

Market report quarterly trend fallback

Very Low Confidence

Avg Rent ($/SF/mo) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.