A recent report found that Tampa’s daily parking rate ($15) exceeds competitive cities Atlanta, Charlotte,
Jacksonville, Raleigh and Dallas. I am not sure how much of an issue this is when companies are looking to relocate to Tampa, but I am quite sure it is an issue for real estate prices in the downtown Tampa office submarket when compared to other submarkets. Westshore, the downtown market’s closest competitor, maintains average office rates at roughly $3/square foot higher than those Downtown. Increased convenience to the Interstate and Expressway are part of the reason for the higher rates, but parking in most of the Westshore district is typically included in the rent, while it is priced separately in the downtown market.
Downtown Tampa Parking Priced Higher than Rival Cities
A recent report found that Tampa’s daily parking rate ($15) exceeds competitive cities Atlanta, Charlotte,
Jacksonville, Raleigh and Dallas. I am not sure how much of an issue this is when companies are looking to relocate to Tampa, but I am quite sure it is an issue for real estate prices in the downtown Tampa office submarket when compared to other submarkets. Westshore, the downtown market’s closest competitor, maintains average office rates at roughly $3/square foot higher than those Downtown. Increased convenience to the Interstate and Expressway are part of the reason for the higher rates, but parking in most of the Westshore district is typically included in the rent, while it is priced separately in the downtown market.