Market Reports

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The commercial market report provides economic and commercial statistics on portions of the metropolitan areas in which significant commercial transactions take place. The data are compiled from publicly available statistics and for which information is available.

The reports include market key statistics,  leasing, market economy, and sales trends that provide you with information on the commercial real estate transactions in the Tampa Bay markets.

Office

Industrial

Retail

Multi-family

The Tampa office market is the largest in the State of Florida, with more than 128 million SF of office inventory. The market has experienced mixed fundamentals, as it has navigated weakening economic conditions and reduced leasing activity over the past few years.
Tampa’s industrial market is the second largest in Florida, with 212 milliion SF of Industrial product.  Fundamentals have been moving in a positive trajectory, with the market archieving historic levels of absorption and strong rent growth fueled by elevated tenant demand.
Retail leasing fundamentals in Tampa remain solid despite headwinds caused by a high rate of inflation, a slight erosion in consumer confidence, and economic concerns due to recessionary headwinds. As of the second quarter of 2023 vacnacy is 3.1%, which is down -0.3% in the past year and remains well below the national average of 4.2%. In fact, Tampa boast one of the lowest reatil vacancy rates out of the major Floirda markets.
Tampa’s overall apartment vacancy has ticked up 1.7% year over year to 7.5% as of the second quater of 2023, following a significant recent supply wave. The current construction pipeline represents an 9.1% increase in existing inventory, significantly higher than the national average of 5.6%.
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