2024 Office Space Rent & Sales
- $21.38 2024 Avg. Asking Rent
- 2.96% Y-o-Y Avg. Asking Rent Change
- 18.02% 2024 Office Vacancy Rate
Tallahassee office price per square foot in 2024 was $21.38 on average. This marked a +2.96% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.02% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Florida Class A & A+ Office Space$40.20
- Florida Class B Office Space$27.71
- Florida Class C Office Space$22.62
Tallahassee, FL Office Asking Rents by Class
2024 Office Vacancy Rates in Tallahassee
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Tallahassee - Downtown | $26.46 | 14.38% |
| Tallahassee - Koger Center | $24.13 | 9.54% |
| Tallahassee - Northeast | $24.00 | 8.96% |
| Tallahassee - Northwest | $21.00 | 32.74% |
| Tallahassee - North | $19.84 | 13.40% |
| Tallahassee - East | $19.00 | 3.27% |
| Tallahassee - Southeast | $16.91 | 29.44% |
Office Spaces for Rent in Florida
- Tampa Office Space
- Orlando Office Space
- St. Petersburg Office Space
- Gainesville Office Space
- Lakeland Office Space
- Town 'n' Country Office Space
- Clearwater Office Space
- Clermont Office Space
- Greater Carrollwood Office Space
- Temple Terrace Office Space
- Palm Harbor Office Space
- Spring Hill Office Space
Coworking Spaces in Florida
- Houston Coworking Space
- Atlanta Coworking Space
- Dallas Coworking Space
- Miami Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Jacksonville Coworking Space
- Tampa Coworking Space
- Raleigh Coworking Space
- Orlando Coworking Space
- Birmingham Coworking Space
- Boca Raton Coworking Space
- Fort Lauderdale Coworking Space
- Durham Coworking Space
- New Orleans Coworking Space
- West Palm Beach Coworking Space
- Memphis Coworking Space
- Alpharetta Coworking Space
- Miami Beach Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Tallahassee, FL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Merestone at Cascades | 414 E. Bloxham Street , 32301 | 46,648 | 2020 |
| 2459 Mahan Dr | 2459 Mahan Dr, 32308 | 20,222 | 2020 |
| 1760 Summit Lake Drive | 1760 Summit Lake Drive, 32317 | 40,400 | 2018 |
| Tallahassee Medical Quarters | 2510 Miccosukee Rd, 32308 | 24,000 | 2018 |
| Summit East Technology Park - United Solutions Building | 1585 Summit Lake Dr, 32317 | 10,800 | 2010 |
| Class A Office Space For Sublease | 2073 Summit Lake Dr, 32317 | 87,077 | 2009 |
| Alliance Center | 119 S Monroe Street, 32301 | 76,000 | 2009 |
| Alliance Center | 119 S Monroe Street, 32301 | 76,000 | 2009 |
| 113 S Monroe St | 113 S Monroe St, 32301 | 9,000 | 2009 |
| Class "A" Southwood Office Building For Sale | 3692 Coolidge Ct. , 32311 | 29,328 | 2007 |
Worth noting among recent office completions on the Tallahassee market is Merestone at Cascades, which is currently the largest new office development in the city, at 46,648 square feet.
See reports for other markets
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- Miami Office Rent Price
- Tampa Office Rent Price
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- Winter Park Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Tallahassee commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.