Tampa industrial real estate market reports

Q2 2024

Tampa industrial commercial real estate report
The Tampa unemployment rate has decreased by 30 basis points since last quarter, reaching 3.0% as of May. Nonfarm employmenthasseen a 1.6% increase over the past year, with manufacturing and construction employment increasing by 3.4% and 3.5% over that same period.

Vacancy rate

The overall vacancy rate in Tampa currently stands at 6.4%, representing a 1.5% year-over-year increase.

$9.90 NNN

Asking rates

Asking rates in Tampa have continued to see exceptional growth, increasing 26.4% year-over-year to $9.90 NNN.

5.1 msf

Leasing activity

Year-to-date leasing activity stands at 5.1 million square feet, reflecting a 28.4% decrease compared to last year's mid-year total of 7.1 million square feet.

Your source for the latest Tampa industrial real estate reports

Stay on top of current trends affecting the industrial real estate sector in Tampa. Gain an overall better understanding of Tampa's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Tampa.

Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Tampa's industrial real estate market.

Get the latest Tampa industrial market reports right in your inbox