On average, listings lease in the $30's per square foot per year. The Plaza Terrace region is going through a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Tampa Bay market, the Plaza Terrace region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,580 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this market were built in 1986 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Plaza Terrace folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.