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COMMERCIAL REAL ESTATE
SUBMARKETS · TAMPA, FLORIDA

Tampa commercial real estate submarkets

Tampa is not one commercial real estate market. In Cushman & Wakefield's Q2 2026 office report, vacancy was 16.0% in Westshore, 14.6% in the Tampa CBD, 10.0% in Hyde Park and 24.4% in Ybor City.[1] Its retail and industrial reports split the city differently again.[2][3]

This hub gives a short, sourced summary of five Tampa submarkets and links to a page on each. Brokerage submarkets are drawn by the brokerage; they do not match city districts or redevelopment areas, and each page says so where it matters.

As of Q2 2026 data · Last updated · Published by Makayla Richardson, Commercial Real Estate Advisor

Tampa office vacancy and rent by submarket

The table shows Cushman & Wakefield's Q2 2026 office figures for the four submarkets inside the city of Tampa that it lists. Rents are average asking rents per square foot.[1] For the Tampa Bay market as a whole, see the market outlook and the office space page.

Office submarkets in Tampa, Q2 2026 (Cushman & Wakefield)
SubmarketInventory (sq ft)Overall vacancyUnder construction (sq ft)Asking rent, all classesAsking rent, Class A
Westshore12,290,61416.0%0$38.55$45.58
Tampa CBD6,972,22814.6%0$42.77$45.31
Hyde Park257,22510.0%0$45.03$52.00
Ybor City479,78824.4%92,530$61.41$64.31

Westshore: office space for lease in the Westshore District

The Westshore Alliance, in content published by 83 Degrees, describes Westshore as bordered by Hillsborough Avenue, Kennedy Boulevard, Himes Avenue and Old Tampa Bay, with "some 6,500 businesses."[4] Cushman & Wakefield wrote that Class A rates in Westshore rose 6.0% year over year to $45.58 per square foot, and its Westshore retail submarket had 1.5% vacancy in Q2 2026.[1][2] Read office space for lease in Westshore.

Downtown Tampa: the CBD and the streetcar

Cushman & Wakefield's Tampa CBD office submarket had 6,972,228 square feet of inventory in Q2 2026, and it reported asking rates at Thousand & One reaching $75.00 per square foot for available space.[1] HART's streetcar runs 2.7 miles along Downtown Tampa, through the Channel District, and Ybor City.[5] Read office space for lease in Downtown Tampa.

Ybor City: historic district retail and office

The City of Tampa calls Ybor City "Tampa's National Historic Landmark District," and says it now has two community redevelopment areas, Ybor City CRA 1 and 2.[6][7] In Cushman & Wakefield's office table, Ybor City had 92,530 square feet under construction in Q2 2026.[1] Read retail and office space in Ybor City.

Hyde Park and South Tampa: neighborhood retail

The City of Tampa describes Hyde Park as "Tampa's oldest existing neighborhood," across the Hillsborough River to the west of downtown.[8] Cushman & Wakefield's South Tampa retail submarket had 6,256,837 square feet at 2.0% vacancy in Q2 2026, and its South Tampa industrial submarket was at 2.7%.[2][3] Read retail space in Hyde Park and South Tampa.

East Tampa and the Eastside: warehouse space

The City's East Tampa Community Redevelopment Area is described as situated between Downtown, the Port of Tampa and the University of South Florida.[9] Cushman & Wakefield's Eastside industrial submarket, which is broader than that CRA, had 54,097,882 square feet of inventory and 6.6% vacancy in Q2 2026; its East Tampa retail submarket was at 1.3%.[3][2] Read warehouse space in East Tampa and the I-4 corridor.

How to choose a Tampa submarket

If you are choosing between submarkets, start with who needs to reach you: clients, staff, customers or trucks. Then compare buildings within the same firm's submarket data, quarter over quarter, rather than mixing one firm's figures with another's. For property types, see retail space and warehouse and industrial space.

Not sure which part of Tampa fits? Start with who needs to reach you and how much space you need.

Talk with Makayla

Questions people ask

What are the main commercial real estate submarkets in Tampa?

Cushman & Wakefield's Q2 2026 office report lists Westshore, the Tampa CBD, Hyde Park and Ybor City inside the city. Its retail report lists Westshore, Downtown Tampa, South Tampa and East Tampa, and its industrial report includes Eastside and South Tampa.

What is office vacancy in each Tampa submarket?

In Cushman & Wakefield's Q2 2026 office table, Hyde Park reported 10.0% vacancy, the Tampa CBD 14.6%, Westshore 16.0% and Ybor City 24.4%.

Are brokerage submarkets the same as Tampa neighborhoods?

No. Submarkets are drawn by each brokerage. For example, Cushman & Wakefield's Eastside industrial and East Tampa retail submarkets are broader than the City of Tampa's East Tampa Community Redevelopment Area.

Where is office space being built in Tampa?

In Cushman & Wakefield's Q2 2026 office table, Ybor City had 92,530 square feet under construction, while Westshore, the Tampa CBD and Hyde Park had none.

Sources

  1. Tampa Bay Office MarketBeat, Q2 2026, Cushman & Wakefield, Q2 2026. Accessed October 12, 2026.
  2. Tampa Retail MarketBeat, Q2 2026, Cushman & Wakefield, Q2 2026. Accessed October 12, 2026.
  3. Tampa Bay Industrial MarketBeat, Q2 2026, Cushman & Wakefield, Q2 2026. Accessed October 12, 2026.
  4. Westshore Alliance helps guide Tampa Westshore district transformation (content provided by Westshore Alliance), 83 Degrees, November 2024. Accessed October 12, 2026.
  5. TECO Line Streetcar, HART (Hillsborough Area Regional Transit). Accessed October 12, 2026.
  6. Historic Ybor, City of Tampa. Accessed October 12, 2026.
  7. Ybor City CRA history, City of Tampa. Accessed October 12, 2026.
  8. Historic Hyde Park, City of Tampa. Accessed October 12, 2026.
  9. East Tampa Community Redevelopment Area, City of Tampa. Accessed October 12, 2026.