Flurry of office tower sales signifies downtown Tampa’s ‘time has come’

By Ashley Gurbal Kritzer It’s been a banner year for downtown Tampa’s office market.

Three towers have sold — Fifth Third Center sold for $47 million, Tampa City Center fetched $128 million and at the end of November, the Wells Fargo Center traded for $78 million.

Driving those deals is a multifaceted dynamic, investment brokers say. Higher prices and lower returns in bigger cities have created more investor in interest in secondary markets like Tampa, where investors still see potential for upside.

But investors have… Read More

Source:: TBBJ Real Estate