Tampa Bay Retail Market Robust as Landlords, Tenants Position for Long-term Success
The Tampa Bay retail market showed little signs of slowing through the third quarter of 2019. Tenant demand remained robust, especially across the restaurant, medical and fitness industries. Demand in core areas as well as secondary and tertiary markets maintained strength as many tenants focused on expansion plans throughout the market. The overall Tampa Bay region ended the third quarter at a vacancy rate of 5.9%, down from 6.2% the third quarter of last year.