Colliers Arnold Tampa Bay Reports First-Quarter Office Results

TAMPA, FL--Colliers Arnold's Tampa Bay office has completed a four-page, first-quarter office market report that shows the condition of the local market with national market comparisons.

A quick re-cap summary shows:

Q1 2008 Overall Vacancy Rate: 11.7%
Q1 2008 Class Office Vacancy Rate: 12.7%
Average Overall Direct Asking Rate: $21.34 p.s.f.
Average Class A Direct Asking Rate: $24.31 p.s.f.
Q1 2008 Office Under Construction: 1,106,612 s.f.
Q1 2008 Office New Completions: 430,582 s.f.
Total Inventory of Office space: 76,473,612 s.f.

For a detailed copy of the report, please contact Russ Sampson, (top right photo) executive vice president and director of brokerage services or Karen Temmen, research direct at the addresses below.

CONTACT:

Karen Temmen Research Director
Colliers Arnold - Commercial Real Estate Services
311 Park Place Blvd., Suite 600
Clearwater, FL 33759
Phone: 727/442-7184 Fax: 727/449-2428 e-mail: ktemmen@colliersarnold.com