What are median sale prices per square foot in Downtown Tampa (ZIP 33602)?

ZIP 33602: $376 on 18 sales. A median mixes property types and ages, so compare the building to similar recorded sales.

How many bank REO transfers appear in the sales data for Downtown Tampa (ZIP 33602)?

ZIP 33602: 0, with 18 arm’s-length sales. The count shows what was recorded, not what is for sale today.

Who owns commercial property in Downtown Tampa (ZIP 33602)?

ZIP 33602: 72.8% held by entities, 9.7% out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.

How old are commercial buildings in Downtown Tampa (ZIP 33602)?

Median year built: ZIP 33602: 1953. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

What is the average building area per parcel in Downtown Tampa (ZIP 33602)?

16.2 million SF ÷ 782 parcels ≈ 20,729 SF. An average can hide a few very large buildings.

Hypothetical: a 20,500 SF building in Downtown Tampa priced at the ZIP 33602 median of $376 per SF. What is the price?

20,500 × $376 = $7.71 million. That is arithmetic on a median, not an appraisal or an opinion of value.

Same hypothetical 20,500 SF building, with an assumed 7.5% cap rate. What NOI would $7.71 million need?

$7.71 million × 7.5% = $578,100 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.

With $578,100 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?

$578,100 ÷ 1.25 = $462,480 a year. Lender terms vary, so treat 1.25 as an example.

Urban Core Renaissance · Hillsborough County

Downtown TampaCommercial Real Estate Broker & Market Guide

Downtown Tampa has undergone the most significant urban renaissance of any Florida CBD since 2015. Anchored by the $3.5 billion Water Street Tampa development, the Riverwalk, the University of South Florida's downtown medical campus, and a meaningful corporate base, downtown Tampa is now one of the most dynamic CRE submarkets in Florida.

Marketed by Michael R. Linton, Florida Broker #BK703722 · NCREA · CREIPS · REALTOR® · Serving Downtown Tampa commercial real estate.

Photo: Kristina Volgenau · Unsplash

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By the numbers · data as of November 4, 2026

Downtown Tampa commercial real estate by the numbers

The 2026 final tax roll lists 782 commercial and industrial parcels with 16.2 million square feet of buildings in Downtown Tampa (ZIP 33602), with 18 arm’s-length sales on the roll. The median sale price is $376 per square foot.

Commercial and industrial parcels

782

2026 final tax roll

Building square feet

16.2M

2026 final tax roll

Arm’s-length sales

on the roll sales file, excluding hotels

Median $/SF

$376

ZIP medians, 5+ sales

ZIP	Parcels	Bldg SF	Sales	Median $/SF	Median year built	Out-of-state owners	Bank REO
33602	782	16.2M	18	$376	1953	9.7%	0

For context, Hillsborough County as a whole has a median of $272 per square foot on 905 sales. Year to date through September 2026, the county median is $269, −0.4% from a year earlier.

Hillsborough County Market Pulse

Asking-side listing data for every Florida county: inventory, days on market, price cuts and listing prices, from Realtor.com® Economic Research. These are listings, not closed sales.

HillsboroughCounty · details →
Active listings
6,284
down −2.0% YoY
Median days on market
71 days
Listings with price cuts
28.5%
Median listing $/SF
$230
Listing price, YoY
down −7.1%
Median listing price $408K
Market condition
Balanced
vs. Florida statewide^*
Source: Realtor.com® Economic Research, September 2026.

How these figures are calculated

* Market condition. Market condition compares a county's share of active listings with a price reduction and its median days on market with the Florida statewide figures Realtor.com publishes for the same month. Both above the statewide figure: leaning buyer's market. Both below: leaning seller's market. Anything else, including a tie or one missing metric: balanced. Both metrics missing, or no statewide figure for that month: shown as —. This is a read of asking-side listing data only; it is not months of inventory or a measure of closed sales. Florida statewide, September 2026: 20.1% of listings with a price cut, 81 median days on market. Methodology · Data dictionary

Residential. Realtor.com® Economic Research, monthly. Listing counts, days on market and listing prices come from the monthly history; price-cut share and $/SF are stored for the latest month (September 2026) only. Earlier months show the snapshot for that month, not an average. YoY compares a month with the same month a year earlier; for September 2026 it uses Realtor.com's published YoY figures.

Commercial. Florida Department of Revenue tax roll (NAL/SDF) and Florida Department of State (Sunbiz), via LGData; Linton Global calculations. Commercial (DOR 010-039) and industrial (040-049) parcels. Sales and $/SF = arm's-length single-parcel sales (DOR qualification codes 01-02) on the current roll, excluding hotels/motels (DOR 039, which in resort counties includes condo-hotel and vacation-rental units). Areas with fewer than 5 parcels, and $/SF medians from fewer than 5 sales, are suppressed.

The full Hillsborough County report

Study mode · 10 flash cards

Downtown Tampa Commercial Real Estate

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This market in numbers

How much commercial property is in Downtown Tampa (ZIP 33602)?: The 2026 final tax roll lists 782 commercial and industrial parcels with 16.2 million square feet of buildings.
What are median sale prices per square foot in Downtown Tampa (ZIP 33602)?: ZIP 33602: $376 on 18 sales. A median mixes property types and ages, so compare the building to similar recorded sales.
How many bank REO transfers appear in the sales data for Downtown Tampa (ZIP 33602)?: ZIP 33602: 0, with 18 arm’s-length sales. The count shows what was recorded, not what is for sale today.
Who owns commercial property in Downtown Tampa (ZIP 33602)?: ZIP 33602: 72.8% held by entities, 9.7% out-of-state owners. To reach an owner, you may need an entity’s registered agent or a mailing address outside Florida.
How old are commercial buildings in Downtown Tampa (ZIP 33602)?: Median year built: ZIP 33602: 1953. Age alone doesn’t set condition, so check the roof, HVAC and electrical systems and their records.

Work the numbers

What is the average building area per parcel in Downtown Tampa (ZIP 33602)?: 16.2 million SF ÷ 782 parcels ≈ 20,729 SF. An average can hide a few very large buildings.
Hypothetical: a 20,500 SF building in Downtown Tampa priced at the ZIP 33602 median of $376 per SF. What is the price?: 20,500 × $376 = $7.71 million. That is arithmetic on a median, not an appraisal or an opinion of value.
Same hypothetical 20,500 SF building, with an assumed 7.5% cap rate. What NOI would $7.71 million need?: $7.71 million × 7.5% = $578,100 a year. The cap rate is an assumption for practice, so check the actual rent roll and expenses.
With $578,100 of NOI, what is the most annual debt service an assumed 1.25 DSCR allows?: $578,100 ÷ 1.25 = $462,480 a year. Lender terms vary, so treat 1.25 as an example.
About how many industrial parcels are in Downtown Tampa (ZIP 33602)?: ZIP 33602: 3.2% of 782 ≈ 25.

Source: Florida Department of Revenue tax roll and Florida Department of State, via LGData; Linton Global calculations. Commercial and industrial parcels; sales are arm’s-length, single-parcel transfers, excluding hotels and motels. Medians from fewer than 5 sales are not shown, and a small sample can swing a ZIP median, so read each one with its sales count. * Fewer than 10 sales.

Market Data

All Florida county data →

Tampa, Florida — The Numbers

U.S. Census figures for Tampa, Florida, the city that Downtown Tampais part of. Census data isn't published at the submarket level.

401,618

Population

$75,475

Median HH Income

$420,400

Median Home Value

$1,701/mo

Median Gross Rent

50.3%

Homeownership

5.6×

Price-to-Income

4.3%

Unemployment

+7.1%

Income Growth (YoY)

Listing MarketHillsborough County · residential · Realtor.com®

$408,250

Median List Price

6,284

Active Listings

Days on Market

28%

Price-Cut Share

List price · 3-yr trend

Inventory · 3-yr trend

Days on market · 3-yr trend

City-level figures from the U.S. Census Bureau (ACS 2023 5-yr). Unemployment and income growth are Hillsborough County-level (BLS / BEA — not published at city grain). Unemployment September 2026. Listing-market figures © Realtor.com® Economic Research (Hillsborough County, residential). Public-domain + attributed data, market context only — not an appraisal or investment advice. Snapshot updated 2026-11-01.

Live market data · refreshed as each source publishes

Downtown Tampa: key facts for September 2026

In September 2026, the median listing price in Hillsborough County was $408K, down 7.1% from a year earlier, with 6,284 homes for sale (Realtor.com).
FHFA’s house price index for Hillsborough County rose 1.7% in 2025.
Investors took out 8.5% of home-purchase mortgages in Hillsborough County in 2025 (HMDA; cash purchases not included).
Hillsborough County had 795,729 jobs (2025 annual average), up 0.8% from the prior year (BLS QCEW).
The unemployment rate was 4.3% in September 2026 (BLS, not seasonally adjusted).
Permits were issued for 6,281 housing units in January–September 2026, down 15.5% from the same months a year earlier (U.S. Census Bureau).

Open the Hillsborough County market report →Hillsborough County data & trends Explore on the Market Map

ZIP code snapshot for Downtown Tampa

Listing data for September 2026 (Realtor.com) · HUD Fair Market Rent FY2027. *Share of home-purchase mortgages for investment property (2025, HMDA, estimated from census tracts; cash purchases not included). Open any ZIP for its full report.

ZIP	Area	Median list price	vs. last year	Homes for sale	HUD 2BR rent	Investor share*
33602	Tampa	$842K	+5.3%	195	$2,880/mo	14.4%	Report →

Sources: Realtor.com® Economic Research, FHFA, U.S. Bureau of Labor Statistics, U.S. Census Bureau. County-level figures; informational only, not an appraisal.

Downtown Tampa: Market Overview

Downtown Tampa's transformation is anchored by Water Street Tampa — Jeff Vinik's $3.5+ billion mixed-use development on 56 acres adjacent to the Channelside district. Water Street has delivered Class A office, luxury multifamily, the JW Marriott, the Edition Hotel, retail, and significant public realm improvements through 2024 and continues to build out.

The Tampa Riverwalk — 2.6 miles of continuous public riverfront — connects downtown to Channelside, the convention center, and Curtis Hixon Waterfront Park. The amenity base has materially elevated downtown's appeal for residential and office tenants seeking walkable urban environments.

Downtown Tampa contains the Lightning's Amalie Arena, Tampa Convention Center, USF Health downtown medical campus, the Tampa Bay Times Forum, the Straz Center for the Performing Arts, and the Tampa Museum of Art — producing meaningful destination demand alongside the office and residential base.

Economic Drivers

Water Street Tampa

Jeff Vinik's $3.5B+ mixed-use master plan; transformative urban renaissance

Tampa Riverwalk

2.6 miles of continuous public riverfront; major amenity base

USF Health Downtown

University of South Florida medical campus; medical office and life sciences anchor

Amalie Arena

Tampa Bay Lightning, concerts, events; destination traffic

Convention Center

Tampa Convention Center; major business and event traffic

I-275 / Selmon Expressway

Direct interstate and tollway access to all Tampa Bay submarkets

Asset Class Activity in Downtown Tampa

Asset Class	Activity	Market Commentary
Class A Office	Hot	Water Street and trophy office; institutional demand
Luxury Multifamily	Hot	Water Street, Channelside-adjacent; rent growth strong
Hotel	Hot	JW Marriott, Edition, convention demand; new luxury supply
Medical / Life Sciences	Strong	USF Health downtown campus; specialty medical office
Retail / Lifestyle	Hot	Water Street retail, Riverwalk-adjacent dining
Mixed-Use Development	Hot	Continued Water Street build-out; adjacent infill opportunities

Why Invest in Downtown Tampa?

Downtown Tampa is the highest-conviction urban renaissance story in Florida CRE. Investors who got in early — Channelside in the late 2010s, Water Street at announcement — captured material appreciation. The next leg is continued Water Street completion plus infill development around the perimeter. Cap rates reflect the conviction but exit liquidity and rent fundamentals are among the strongest in Florida.

Frequently Asked Questions

Is Michael R. Linton a licensed commercial real estate broker in Downtown Tampa?

Yes. Michael R. Linton is a Florida-licensed commercial real estate broker (FL Broker #BK703722) with 39 years of transaction experience, serving Downtown Tampa and the broader Hillsborough County market. He holds NCREA (National Commercial Real Estate Advisor), CREIPS (Certified Real Estate Investment Property Specialist), and REALTOR® credentials, and advises investors, owners, and tenants on multifamily, office, industrial, retail, hospitality, land, mixed-use, medical office, self storage, and special-purpose commercial real estate in Downtown Tampa.

How do I contact a commercial real estate broker in Downtown Tampa?

Contact Michael R. Linton at Linton Global Solutions — (312) 612-1031 or mike@lintonglobal.com — for a free Downtown Tampa commercial real estate consultation. Linton Global Solutions serves Downtown Tampa across all major asset classes and represents both buy-side and sell-side principals, plus 1031 exchange replacement-property sourcing.

What is Water Street Tampa and how does it affect downtown CRE?

Water Street Tampa is a $3.5+ billion mixed-use development on 56 acres adjacent to the Channelside district, led by Tampa Bay Lightning owner Jeff Vinik. It has delivered Class A office, luxury hotels (JW Marriott, Edition), luxury multifamily, retail, and public realm improvements through 2024, with continued build-out planned. Water Street has fundamentally transformed downtown Tampa's positioning as a premium mixed-use destination.

How do I invest in Downtown Tampa commercial real estate?

Most Downtown Tampa institutional transactions are brokered through major investment sales teams. Water Street ownership is concentrated in Strategic Property Partners (Vinik / Cascade Investment). Value-add opportunities exist in Class B office reposition, multifamily, and infill development adjacent to the core. Michael R. Linton at Linton Global Solutions provides downtown coverage and access.

How does Downtown Tampa compare to Westshore for office investment?

Westshore is the established Class A office concentration with corporate headquarters base. Downtown Tampa is the urban renaissance story with newer trophy product, Water Street master plan, and walkable urban environment. Both perform well; Downtown has faster recent rent growth, Westshore has deeper institutional liquidity.

Downtown Tampa Topics

Everything Downtown Tampa Commercial Real Estate

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1031 Exchange in Downtown Tampa

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Tampa's Top 10 Office Buildings in Downtown & Westshore: Investor & Tenant Guide

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Market Reports

Downtown TampaCommercial Real Estate Broker & Market Guide

Analyze Your Downtown Tampa Deal in 60 Seconds

Downtown Tampa commercial real estate by the numbers

Hillsborough County Market Pulse

The full Hillsborough County report

Downtown Tampa Commercial Real Estate

This market in numbers

Work the numbers

Tampa, Florida — The Numbers

Downtown Tampa: key facts for September 2026

ZIP code snapshot for Downtown Tampa

Downtown Tampa: Market Overview

Economic Drivers

Asset Class Activity in Downtown Tampa

Why Invest in Downtown Tampa?

Frequently Asked Questions

Is Michael R. Linton a licensed commercial real estate broker in Downtown Tampa?

How do I contact a commercial real estate broker in Downtown Tampa?

What is Water Street Tampa and how does it affect downtown CRE?

How do I invest in Downtown Tampa commercial real estate?

How does Downtown Tampa compare to Westshore for office investment?

Everything Downtown Tampa Commercial Real Estate

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