The eastern anchor to Florida’s Northwest region, the State Capital is among the state’s most stable markets. Home to Florida State University and Florida A&M University, Tallahassee is a thriving research & development driven community, and the epicenter of State politics. Noted for its gently rolling hills, oak canopied roads, outdoor recreational opportunities and high quality of life, the City has developed into a destination retirement location during the past 20 years. The market supports a significant commercial real estate market in its growing suburban areas and in its attractive urban center, and through its renowned educational institutions, provides a highly educated workforce to the Northwest Florida region and points beyond.
181,376 (Tallahassee, City), 372,663 (Tallahassee, MSA)
Median Household Income:
Market Conditions (January 2013)*
Retail Market Inventory/Vacancy Rate/Rental Rate/Annual Net Absorption:
26.7 MSF / 6% vacant/ $13.62 per SF /-193,174 SF
Office Market Inventory/Vacancy Rate/Rental Rate/Annual Net Absorption:
21.9 MSF / 8% vacant / $15.31 per SF / 111,618 SF
Industrial/Flex Market Inventory/Vacancy Rate/Rental Rate/Annual Net Absorption:
19.0 MSF / 8% vacant / $3.84 per SF / 88,200 SF
*Market conditions based on total Metropolitan Statistical Area; includes owner-occupied.
Major Area Employers
|State of Florida||Florida State University||Tallahassee Memorial Healthcare|
|Florida A&M University||ACS||Capital City Bank Group|