Market Pulse

3rd Quarter | 2020

In the Headlines

Q3 Average Market Rates




from Q2 2020




from Q2 2020




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 124,328,889 SF 7.8% 383,510 SF 169,806 SF 2,104,556 SF $26.03
Industrial 200,692,728 5.6% 2,497,940 SF 1,674,344 SF 600,055 SF $7.92
Retail 169,941,111 4.5% 350,255 SF 352,879 SF 780,840 SF $19.92

News & Updates  |  Q3 2020

Over 312,000 SF in New Accounts

New 3rd Quarter Accounts

News from Buffalo, NY

Ciminelli’s Growing NY Residential Portfolio

In recent weeks, Ciminelli Real Estate Corporations’s residential management team was named the exclusive manager for a 58 unit, luxury condominium building located in Buffalo’s historic Elmwood Village neighborhood!  The latest contract secured by the team represents the seventh residential contract signed since March of this year, with a total of an impressive 420 new units. In pursuit of this work we often competed with top regional management firms – and won!  Ciminelli’s residential management portfolio now includes approximately 1,200 units totaling 930,000 square feet!

Ciminelli Spotlight

Giving Back to the Community

Ciminelli is a proud sponsor of Hillsborough Education Foundation

Ciminelli Real Estate Services continues to be a proud supporter of Hillsborough Education Foundation (HEF), a local charity focused on the education of our youth. HEF’s mission is to “strengthen public education in Hillsborough County through advocacy, investment of resources, and programs that empower every student to achieve both academic and personal success”.  Most recently, Ciminelli was one of the many sponsors for HEF’s yearly fundraising event, EmpowerED. This year was a bit different with the event being held virtually, but it was still a great success with raising more funds than the projected goals.