Consulting and accounting firm, CliftonLarsonAllen LLP, will be moving to Tampa City Center, an 11,722 square foot area in downtown Tampa. The modern office space in downtown Tampa is becoming gradually limited, as more workers prefer areas that combine all aspects of life. JLL Vice President John Heald and Senior Vice President Gary Godsey represented CliftonLarsonAllen in the deal, and Senior Director James Moler and Director Barry Oaks from Cushman & Wakefield represented the landlord. Heald noted the trend for company relocations to downtown, when he said “we’re starting to see more professional services companies interested in relocating to downtown Tampa where their employees can benefit from a live, work and play environment.”
According to JLL, vacancy rates are approaching 10-year lows while rents are on their way up. In Tampa’s urban core, corporate buildings cost $28 to $30 per square foot. Although rent is high and vacancy rates are down, these factors are not enough to validate new development in the area.