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).
Roughly 225,000 sq. ft. was delivered in Tampa Bay in Q1 with over 2 million in the construction pipeline.
A total of 42 sale transactions were recorded across $215 million transacted in Q1 2020.