Market Pulse

3rd Quarter | 2020

In the Headlines

Q3 Average Market Rates

Office

$26.44

3.0%

from Q2

Industrial

$7.72

2.0%

from Q2 2020

Retail

$19.64

2.0%

from Q2 2020

Tampa/St. Petersburg 3rd Quarter Total Market Statistics

Market Existing Inventory Net Absorption Deliveries Under Construction SF Quoted Rates
Total RBA
(Retail: GLA)
Vacancy %
Office 122,406,788 SF 7.7%
Industrial
Retail

News & Updates  |  Q3 2020

Over 50,000 SF in New Accounts & 309,774 SF in Transactions

New Accounts & Major Deals

New Client News

News from Buffalo

CREC’s Facilities Management teams in Buffalo and Pittsburgh secured two new exciting accounts in the first quarter – Crosby’s Convenience Stores and Community Bank!

Pinnacle Award Winners

Ciminelli Spotlight

Ciminelli takes top honors as National Producers

The Florida Gulfcoast Commercial Association of Realtors (FGCAR) announced their 2019 Pinnacle Awards recipients honoring FGCAR members for top deals and top production at national and regional levels. We are proud to announce that two members of our Tampa team took top honors for their major achievements.