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Regional availability drops slightly over the quarter, still sees an annual increase
Overall availability in Tampa Bay ticked down 50 basis points over the quarter to 15.4%, but is still 140 basis points higher than it was in Q4 2018. Of the core submarkets, the Westshore submarket saw significant tightening in availability, declining 90 basis points over the quarter for both overall and Class A space to 13.4% and 12.4%, respectively. Similarly, the Tampa CBD submarket availability rate dropped 60 basis points overall over the quarter to 14.6%, but held fairly flat in Class A product, now at 18.9%.