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Leasing Still Low, but May Be Scraping Bottom

In the lastest report on leased footage in the Tampa Bay area it still shows a negative, but the pace of contraction has markedly slowed.

"The region's net contraction over the last six months is less than half the amount lost in the first quarter alone."

Are we approaching the bottom of the leasing market? Will rents stabilize and get firmer? Will the incentives become less generous?

No one knows for sure. But this is a fact. No one is going to ring a bell to let you know that rents have reached rock bottom and today is the day for you to close that deal you have been thinking about for months. It's hard to imagine being sorry for signing a lease at today's rates.

Download a pdf of both Maddux office and retail reports and read it for yourself.