Tampa Florida Industrial Real Estate Activity
Q1 2022
At Bounat we work to regularly compile a comprehensive list of the top significant industrial commercial real estate activity that takes place each quarter in Tampa, Florida.
Tampa’s industrial market has experienced a vigorous pace of growth over the past few years, marked by brisk leasing activity, historic rates of net absorption, and strong rent growth. Its geographic advantages are apparent, as well.
Industrial construction starts have been climbing in Tampa on the heels of strong demand and record low vacancies. More than 9 million SF of new starts have been recorded since the start of 2021, including roughly 2.8 million SF in 22Q1 alone.
Industrial rents in Tampa remain on an upward trajectory, rising by 10.8% over the trailing 12-month period alone, as unwavering demand for distribution space fuels rent growth. The average industrial rent as of 22Q1 is $9.18/SF, up nearly 15% since the beginning of the pandemic and up roughly 30% over the past five years.
Finally, industrial construction starts have been climbing in Tampa on the heels of strong demand and record low vacancies. More than 9 million SF of new starts have been recorded since the start of 2021, including roughly 2.8 million SF in 22Q1 alone.
You can view our commercial properties in Florida to see what real estate assets are available for lease/sale.
Top 10 Industrial Projects Under Construction in Q1 2022
Bldg 200 * 791 County Line Rd
Rating: 3*
Building SF: 1,204, 632
Stories: 1
Start: January 2022
Complete: March 2023
Developer: –
Owner: Aspyre Properties, LLC
City Furniture Mixed-Use * South Frontage Road
Rating: 4*
Building SF: 1,058, 950
Stories: 2
Start: July 2021
Complete: July 2022
Developer: ARCO/Murray Construction
Owner: City Furniture
14640 Softwind Lane
Rating: 3*
Building SF: 800,000
Stories: 1
Start: February 2022
Complete: April 2023
Developer: –
Owner: –
Building 1 * Charlie Taylor Rd
Rating: 3*
Building SF: 727,610
Stories: 1
Start: June 2021
Complete: May 2022
Developer: –
Owner: The Sudler Companies
The Motor Enclave * 6499 N Falkenburg Rd
Rating: 4*
Building SF: 450,000
Stories: 1
Start: January 2022
Complete: October 2022
Developer: M1 Concourse
Owner: M1 Concourse
I-4 Midway Logistics * 2451 County Line Rd
Rating: 4*
Building SF: 330,460
Stories: 1
Start: December 2021
Complete: September 2022
Developer: Butters Construction & Development
Owner: Butters Construction & Development
Building 400 * 400 Tampa Commerce Blvd
Rating: 4*
Building SF: 252,109
Stories: 1
Start: February 2022
Complete: December 2022
Developer: –
Owner: Taurus Investment Holdings
TIA Logistics Center * Hoover Blvd
Rating: 4*
Building SF: 245, 000
Stories: 1
Start: May 2021
Complete: July 2022
Developer: Scannell Properties
Owner: Scannell Properties
Lakeside Logistics * 3010 Coronet Rd
Rating: 4* 225,000
Building SF: 1
Stories: 1
Start: August 2021
Complete: May 2022
Developer: –
Owner: Foundry Commercial
Lakeside Logistics * 3002 Coronet Rd
Rating: 5*
Building SF: 189,000
Stories: 1
Start: August 2021
Complete: May 2022
Developer: –
Owner: Foundry Commercial
Take a look at our featured commercial real estate properties in Central Florida here, or contact the Bounat team to start your own search.