Overall, the Tampa Bay commercial real estate market is healthy heading into the fourth quarter of 2015. Activity in the Tampa Bay office market continued to increase during the third quarter, with rental rates reaching a cycle high for the past six-year period. Driving this activity was the improving economic and positive employment outlook in the Tampa Bay market, as well as a number of new companies moving to the area. Activity in Tampa Bay’s industrial market began to increase from the level of activity in previous quarters, as e-commerce, retail and shipping companies sought space in the Tampa Bay market for regional fulfillment and distribution centers to meet same-day delivery needs. Retail activity in Tampa Bay remained steady during the third quarter, while there was a limited availability of quality locations. As a result, the market trended toward a owner’s market, as developers are seeing a great deal of success both with new construction and redevelopment.
CLICK HERE TO SEE THE FULL SIZE IMAGE
Download Tampa market reports for office, industrial, retail and multifamily
Tampa Market reports are the essential ingredient in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business.