Tampa industrial real estate market reports
Q2 2024
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.
6.4%
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.
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