Figures

Tampa Industrial Figures - Q4 2023

January 5, 2024 5 Minute Read

With net absorption continuing to offset new deliveries, market wide vacancy was up just 10 bps this quarter to 3.9%. This figure is down 40 bps year over year.
5.2 million square feet remains under construction heading into the new year, but 57% of that space has commitments through build-to-suit and preleasing activity.
Low vacancy that remained under 4% for the entire year has continued to propel rent growth, up nearly 19% since YE 2022.