Did you know that Tampa’s Westshore District is the largest commercial office market in the State of Florida? Westshore District is 7,560 acres bounded by Kennedy Blvd., Himes Ave., Hillsborough Ave., and Old Tampa Bay, including Rocky Point. There are 96,000+ employees who earn an average of $57,888 amongst 4,000 businesses. The total office space is just under 13 million square feet. In addition, there are six million square feet of retail space and restaurants – 350 stores, 34 shopping centers and 250 restaurants.
The district includes 39 hotels with 7,633 rooms. The average daily rate is $128.00 and occupancy is at 78 percent. The hotels boast 260,000 square feet of meeting space. Publix has committed to opening a new grocery on the former Sports Authority site. Some of the recently-opened commercial and residential properties include:
AC by Marriott – 180 room hotel
Laser Spine Institute – 176,000 square feet
Grady Square – 300 apartments
Courtney Campbell Trail – 10-mile trail connecting Hillsborough and Pinellas counties
Westshore Village – 92 townhomes
Seazen – 323 apartments
Current – 180 room hotel
The Westshore District is vibrant, to say the least. The truly surprising part is there is an additional 2.8 million square feet of office space planned on 10 shovel-ready sites and 1,000 apartments/condos under construction.
Oh, and by the way, our international airport is located there as well!
If you have a commercial real estate need and are looking for a seasoned commercial Realtor, call Tomlin Commercial Real Estate Services. We are laser focused!
Sources: Tampa Bay Regional Planning Council, Hillsborough County City-County Planning Commission, City of Tampa, Hillsborough County, Hillsborough County Property Appraiser, Hillsborough Area Regional Transit, Visit Tampa Bay and Cushman and Wakefield. This information from various sources is updated throughout the year by The Westshore Alliance. The information is subject to change without notice. Confirm prior to use.