Tampa MarketBeat Reports

Michelle McMurray • 2/3/2020
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 U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season.

Current Marketbeats

Office MarketBeat Report
Q4 2019 Tampa Office Report

The Tampa overall office vacancy rate closed out 2019 at 13.8%, a 190 basis point increase when compared to this time last year. This jump in vacancy was due to large direct and sublease spaces hitting the I-75 Corridor submarket throughout the year.

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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
Q4 2019 Tampa Industrial Report

New construction was the driver behind Hillsborough County’s booming industrial market. In 2019, nearly 3.4 million square feet (msf) delivered, marking the highest annual total since Cushman & Wakefield began tracking the market in 1997. 

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Industrial MarketBeat Report
Q4 2019 Pinellas County Industrial Report

The overall vacancy rate for Pinellas County ended the year at 5.9%, a 240 bps increase when compared to one year ago. Warehouse/distribution vacancy reached 5.7%, growing 280 bps year-over-year (YOY). 

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Industrial MarketBeat Report
Q4 2019 Lakeland Industrial Report

Lakeland’s industrial market experienced a construction boom in 2019. Nearly 2.4 million square feet (msf) delivered in 2019 with another 1.5 msf under construction. 

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Featured Insights: Current U.S. MarketBeats

Q4 2019 U.S. Office MarketBeat Snapshot
MarketBeat • Office

Office Reports

Remarkably stable vacancy rate reflects solid demand in the fourth quarter of 2019.
Revathi Greenwood • 1/16/2020
Q4 2019 U.S. Industrial MarketBeat Snapshot
MarketBeat • Industrial

Industrial Reports

After a slow start to the year, the industrial market finishes the decade strong.
Carolyn Salzer • 1/16/2020
Q4 2019 U.S. Retail MarketBeat Snapshot
MarketBeat • Retail

Shopping Center Reports

2019 ended on a positive note with consumer spending rising at a healthy pace and retail sales up.
Garrick Brown • 1/17/2020


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