Tampa Industrial Figures - Q2 2026

Following several years of rapid expansion, Tampa’s industrial market appears to be settling into a
more balanced phase while still benefiting from healthy underlying demand. Vacancy has increased
modestly as new supply continues to deliver, but much of the available space remains concentrated in
recently completed buildings that are still in lease-up. At the same time, tenant demand has remained
resilient, with the market approaching 1.8 million sq. ft. of positive net absorption since early 2025 and
already surpassing last year’s absorption total through the first half of 2026. Market fundamentals also
remain highly segmented, as smaller and mid-sized buildings continue to outperform larger bu- lk
distribution facilities, reflecting the depth of demand among Tampa’s core industrial user base.

Looking ahead, the market’s primary focus will be on the next wave of speculative deliveries and the
pace at which tenants absorb that space. Recent groundbreakings have replenished the construction
pipeline, but developers have largely remained disciplined, concentrating on- 2s0u0b,000-sq.-ft.
buildings and maintaining geographic diversity across the region. As new projects deliver through
2027, lease-up activity, tenant expansion demand, and the performance of recently completed
buildings will be key indicators of the market’s ability to sustain its momentum