By SVN Commercial Advisory Group
Manatee County’s office market continues to demonstrate healthy sales activity, competitive pricing, and strong investor interest, according to the latest CoStar data.
Over the past 12 months, 67 office properties traded, representing 270,000 SF of inventory turnover. Total office sales volume reached $39.8 million, compared to the five-year average of $62.7 million and the 10-year average of $52.6 million. This consistency reflects ongoing confidence in the Manatee office sector even as market conditions normalize.
Source: Manatee Office Submarket Report, CoStar | 11-20-25
Pricing Remains Competitive
Estimated office pricing in Manatee stands at $176/SF, slightly below the broader metro average of $195/SF, offering value-driven opportunities for buyers looking for yield in a growing market. Pricing varies by building class, with:
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4 & 5 Star assets: ~$170/SF
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3 Star assets: ~$182/SF
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1 & 2 Star buildings: ~$170/SF
The estimated market cap rate for Manatee office properties is 9.0%, aligning with the metro’s overall rate and signaling stability for investors focused on income-producing assets.
Sales Comparables Highlight Market Range
Over the past year, 68 sale comparables recorded an average price of $197/SF and an average cap rate of 6.8% at sale. Transaction sizes ranged widely:
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Sale prices: $116,198 to $4.89 million
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Price/SF: $19 to $959
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Building sizes: 200 SF to 27,440 SF
Vacancy at sale averaged 7.5%, with many traded properties delivered fully occupied—an attractive feature for investors seeking immediate cash flow.
Recent Significant Sales
Notable transactions over the past year include:
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4730 E State Road 64: 27,440 SF sold for $4.89M ($178/SF)
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1505 53rd Ave E: 10,705 SF sold for $4.82M ($450/SF)
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2217 Gulf Dr: Smaller coastal asset selling for a premium at $959/SF
These sales illustrate the diversity of product types—from medical to coastal office to traditional flex—and the strong pricing achieved for well-located and specialized assets.
Overall Trends
Year-to-date, Manatee has recorded 54 transactions totaling $34.4M, with an average price of $207.88/SF and a cap rate of 6.8%, reinforcing ongoing investor appetite.
Manatee County remains a compelling market for office investors seeking stable income, strong regional growth, and assets priced advantageously relative to the metro. For buyers and sellers navigating today’s market, SVN Commercial Advisory Group provides expert guidance backed by real-time data and local experience.
For advisory support or a customized property analysis, contact SVN Commercial Advisory Group.
Data Source: Manatee Office Submarket Report | 11-20-25