TAMPA, FL—Office markets around the country are stillrecovering, yet Tampa is getting its first new office project inmore than 20 years in the midst of the fray. Trammell CrowCo. is building a 400,000-square-foot office tower calledSouthGate in Downtown Tampa.
Why is now the right time for Trammell Crow to take the officedevelopment plunge? GlobeSt.com caught up with SouthGate’s leasingfirm, Lee Arnold, chairman and CEO ofColliers International Tampa Bay, Central & SouthwestFlorida, to ask him about the state of Tampa’s officemarket and why now is the right time for a new project.
GlobeSt.com: How is the Tampa Bay office marketdoing in terms of vacancy? Are there advantages or disadvantagesfor the Tampa Bay market versus other office markets around Floridaand the Southeast?
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