• | The Tampa industrial market vacancy closed at 5.4% in Q1 2020. |
• | Q1 2020 closed out at $6.85 per sq. ft. with the highest rates observed in Southwest Tampa ($10.91), Northwest Tampa ($8.91) and North Pinellas ($8.36). |
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• | Roughly 225,000 sq. ft. was delivered in Tampa Bay in Q1 with over 2 million in the construction pipeline. |
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• | A total of 42 sale transactions were recorded across $215 million transacted in Q1 2020. |