Record 5.8 Million SF Delivered in 2020
After a momentary pause in the second quarter, The Tampa Bay industrial market bounced back with record setting proportion. During 2020, the greater Tampa Bay industrial market, which includes Hillsborough, Pinellas and Polk Counties, registered the highest number of new deliveries on record. Over 5.8 million square feet of new industrial product was delivered to the market. Over the past ten years, as the market rebounded from the Great Recession, nearly 29 million square feet of industrial product was added to the market, which equates to 12.5% of the market.