Figures
Tampa Industrial Figures - Q2 2024
July 9, 2024 5 Minute Read
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- Overall vacancy increased by just 20 bps as light deliveries and negligible absorption held supply steady.
- The construction pipeline remains shallower than a year ago but grew to 3.6 million square feet with groundbreakings in East Tampa and Plant City this quarter.
- Average asking rents grew by 4.5% over the quarter, driven by a “perfect storm” of new construction pricing and a lack of existing class B/C product for lease.