Tampa industrial real estate market reports
Q1 2026
Tampa’s industrial market is transitioning into a more balanced phase following a period of elevated supply, with vacancy stabilizing and absorption showing signs of improvement. Leasing activity remains steady across the market. The development pipeline has moderated meaningfully, helping to bring supply and demand closer into alignment. Overall, fundamentals remain durable, positioning the market for more stable performance as it moves through this normalization cycle.
Under development
Approximately 2.7 million square feet was under development at the end of 1Q26.
Q1 leasing activity
First quarter leasing activity surpassed 2.2 million square feet.
Asset pricing
Asset pricing remains stable at $134 psf as market fundamentals continue to rebalance.
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