Market Pulse

2nd Quarter | 2021

In the Headlines

Q2 Average Market Rates




from Q1 2021




from Q1 2021




from Q1 2021

Tampa/St. Petersburg 2nd Quarter Total Market Statistics

Market Existing Inventory Net Absorption Deliveries Under Construction SF Quoted Rates
Total RBA
(Retail: GLA)
Vacancy %
Office 127,000,000 SF 8.5% 23,700 SF 465,596 SF 764,000 SF $25.24
Industrial 203,000,000 SF 4.4% 3,200,000.00 SF 54,500 SF 4,400,000.00 SF $8.32
Retail 171,000,000 SF 4.3% 700,000 SF 123,403 SF 496,000 SF $20.62

News & Updates  |  Q2 2021

Over 27,822 SF and 3.38 AC in New Accounts

New 2nd Quarter Accounts

News from Buffalo, NY

Downtown Buffalo’s Future is Bright!

Ciminelli’s development team in Buffalo, NY has partnered with the Albright-Knox Art Gallery, a renowned Buffalo-based art museum, on a mural project at 201 Ellicott, Ciminelli’s newest residential development. Texas-based artist Josef Kristofoletti recently put the finishing touches on a bright, colorful mural on the building’s north façade. We couldn’t be more excited about delivering another unique canvas for public art in the City of Buffalo!

Ciminelli Spotlight

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