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Tampa MarketBeat Reports

Michelle McMurray • 7/17/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.


Learn more about our local markets and property types by clicking our most recent Tampa MarketBeat reports below.


The COVID-19 pandemic struck the U.S. in March 2020, late in the quarter but with enough time to have a significant impact on first quarter market fundamentals. In the second quarter of 2020, the U.S. economy felt its effects more fully, as government-mandated shutdowns along with shelter-in-place ordinances pushed the country deeper into recession.

Current Marketbeats

Office MarketBeat Report
Q2 2020 Tampa Office Report

New office leasing demand fell in the second quarter to approximately half of the volume leased in the first quarter. New lease deals totaled approximately 1.4 million square feet YTD with only 30% occurring in the second quarter. Most new lease deals were in Class A buildings, 827,000 sf compared to only 452,000 sf in Class B assets.

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Office MarketBeat Report
Q4 2019 Pinellas County Office Report

Overall rents closed 2019 at $23.20 per square foot (psf) full service, marking the fourth consecutive quarter asking rents averaged above $23.00 psf. Pinellas County’s overall rents had an average annual increase of 4.8% over the past five years.

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Industrial MarketBeat Report
Q2 2020 Tampa Industrial Report

YTD new leasing activity totaled 3.4 msf. The bulk of new leasing was in warehouse/distribution which accounted for 88% of all activity. Tampa’s Eastside drew the most interest from tenants, comprising approximately 50% of space leased.

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Industrial MarketBeat Report
Q1 2020 Pinellas County Industrial Report

 

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Industrial MarketBeat Report
Q2 2020 Lakeland Industrial Report

YTD new leasing activity totaled over 1.2 msf. Lakeland’s Northeast submarket drew the most interest from tenants, comprising approximately 86% of all space leased.

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Featured Insights: Current U.S. MarketBeats

Q2 2020 U.S. Office MarketBeat Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 7/14/2020
Q2 2020 US Industrial MarketBeat Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 7/9/2020
Q2 2020 US Retail MarketBeat Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 7/14/2020

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