Market Pulse

3rd Quarter | 2021

In the Headlines

Q3 Average Market Rates




Market Rent Growth (YOY)




Market Rent Growth (YOY)




Market Rent Growth (YOY)

Tampa Bay 3rd Quarter Total Market Statistics

Market Existing Inventory Net Absorption Deliveries Under Construction SF Quoted Rates
Total RBA
(Retail: GLA)
Vacancy %
Office 126,987,640 8.7% 305,103 486,128 458,300 $25.12
Industrial 203,691,029 3.98 510,271 321,990 7,293,688 $8.63
Retail 171,022,508 3.9% 1,107,617 426,772 455,089 $20.78

News & Updates  |  Q3 2021

Over 800,000 SF in New Accounts

Ciminelli's New 3rd Quarter Accounts

Introducing The West End – A Premier Waterfront Development

Waterfront Living in Buffalo, NY!

Ciminelli Real Estate Corporation’s newest condominium development on Buffalo’s Lake Erie waterfront has completely transformed the last vacant City of Buffalo land parcel in the Waterfront Village! The development consists of a total of 20 condominium homes on a 2.4 acre parcel adjacent to the picturesque Erie Basin Marina. All of the high-end condominiums are 3 stories, include 3 bedrooms and 3.5 bathrooms, and range from 2,600 to 3,500 square feet. There are two balconies on the second level of each home, offering fantastic views of the water and Downtown Buffalo skyline. Buyers work with our interior design team partners to customize flooring, lighting, appliances, and other finishes. The West End is truly one-of-a-kind! Check us out on Instagram at @thewestendbuf for more details.

Ciminelli Spotlight

Check Out Our Blogs!

Our blogs are written by members of our Ciminelli team and cover topics geared towards commercial real estate owners, tenants, prospects, and the market - giving you insight from our perspective as a 3rd Party Management and Leasing Firm. We also have a section that includes articles written by our Buffalo, NY office.
You can view our blogs at: Make sure to check back periodically as we add more topics.