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Tampa Bay Sees Increase in Office Rent Prices

According to a recent report, Tampa Bay is among four major Florida markets in which office rents rose more than four percent over the last year.  The reason for the increase in price is due to higher demand and absorption, not new construction.  Other markets that saw rental increases include Broward County, Palm Beach and Miami-Dade.  Jacksonville and Orlando saw increases, but at a much lower rate.