1 in 5 Tampa Bay offices vacant
The cross-bay twins - Tampa's Westshore business district and St. Petersburg's Gateway business district - continue to suffer from unusually high office vacancies.
Westshore is lumbering along with 21.7 percent of its offices unoccupied. Gateway's vacancy totals 23.4 percent. The numbers come from this first quarter report by Cushman & Wakefield: Download Cushman2010
Gateway is heading towards a better place. Its vacancy declined by nearly 50,000 square feet the past year. Westshore experienced another 139,000 square feet of office openings from March 31, 2009 to March 31, 2010.
The same pattern applies overall in Pinellas and Hillsborough counties. The percentage of vacant offices is higher in Pinellas but the county has closed the gap the past year.
On both sides of the bay, 9.3 million square feet of office space are empty out of 45.1 million square feet, Cushman & Wakefield said.
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