Tampa industrial real estate market reports

Q4 2024

Tampa industrial commercial real estate report
Tampa’s market fundamentals held strong throughout the year, with 3.8 million square feet of new supply delivered, 3.2 million square feet under construction by the end of the year and over 10 million square feet leased. An influx of new supply caused a slight increase in vacancies—which is anticipated to be short lived given the strong leasing activity seen in the market year over year—and investment activity remained sluggish as little inventory was brought to market.
3.8 msf

Deliveries

Tampa’s construction pipeline delivered 3.8 million square feet in 2024. 

6.3%

Vacancy rate

The industrial vacancy rate increased slightly by 0.6% as new supply delivered. 

10.7 msf

Leasing activity

Leasing activity reached over 10 million square feet for the fifth consecutive year. 

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