Office Relocation in Tampa: Planning in Advance

The commercial real estate market is tight right now in Tampa.

According to local commercial realty company, Office Space Brokers, “landlords remain in the driver’s seat as supply continues to remain limited and tenant demand is increasing.”

According to them, this has an impact on companies looking to relocate their office space in Tampa. And because of this impact, Office Space Brokers offers up some insight on how to move forward, including:

>> First – increase your estimated lead time when evaluating your office relocation

>> With demand steady, know that landlords have the upper hand to increase rents through 2019 and beyond

>> Having a Tenant Broker advocating on your behalf can be helpful in getting your company the best terms possible on a new lease

Most realtors suggest looking at least 6 months prior to your lease ending if you’re intending to move. For larger spaces or ones that will require buildouts or customization of the space, they suggest something closer to 12 months.

A tighter market means that there is less space available, lease costs are more competitive and lead times on moving may be more restrictive. We’ve heard tales of one company who moved into the Rivergate building (or Sykes building) in downtown Tampa when they were liternally giving away the space, but that was 20 years ago – deals like that don’t exist any longer.

The 2019 market here in Tampa is more competitive as the city has seen expansive growth and economic activity over the last few years. While that atmosphere has had a positive impact on many businesses in the area, it’s also worked to limit workspace opportunities for many businesses.

Regardless, Office Movers of Florida still works closely with its clients to help them manage office relocations either within tight time frames or for moves with longer lead times.

Free Estimate on Office Moves in Tampa

Moving soon? We provide free estimates on office relocations and are happy to schedule a time to have one of our team members walk through your space to give you the most accurate estimate possible. Call today at 813-304-2273 or fill out the contact form on the right hand side of this page.