Tampa Bay Rays To Open Season At Minor League Facility As Redevelopment Plans Strike Out
The city of St. Petersburg is postponing a vote to approve more than $22 million to fix the roof at Tropicana Field as the MLB's Tampa Bay Rays prepare for their home opener game 17 miles away in neighboring Tampa.
Industrial Demand Increases Amid Manufacturing Boom
Manufacturing in the U.S. is continuing to expand and impact industrial real estate. Over and above the 100 million square feet of manufacturing space that has been delivered in the U.S. since 2022 and the additional 100 million square feet now under construction, there is a multiplier effect as related suppliers and logistics networks add new facilities.
Office Tenants Have Limited Options In Southwest Florida
The Southwest Florida markets of Fort Myers and Naples collectively have 33 million square feet of office inventory. Of that, only 1.6 million square feet are vacant, resulting in a 4.8% vacancy rate, one of the lowest in Florida.
Housing, jobs, population growth: Florida Chamber Foundation's 2025 forecast
The Florida Chamber Foundation presented its virtual 2025 Florida Economic Outlook & Jobs Solution Summit Jan. 30, with forecasts for the coming year ranging from population growth to tourism trends.
Lakewood Ranch Clears Hurdles In Its Eastward Push In Sarasota County
A new phase of Lakewood Ranch has cleared two major hurdles after Sarasota County commissioners gave their stamp of approval to the community's continued expansion, while the developer scored a legal win in a two-year fight over the growth.
What to watch in Tampa Bay’s industrial market in 2025
New development, rent growth and strength of the sub-50,000-square-foot market poised to impact fundamentals
The Tampa Bay industrial market enters 2025 in a much better position than most other major industrial markets nationwide.
Industrial Tops CRE Investment Picks for 2025, Expert Says
Many CRE firms are hopeful that 2025 will be the year that just about everything across the board booms after dozens of months of turbulence. For his part, Michael Thom, attorney in the business and finance department at Obermayer, has zeroed in specifically on the industrial sector.
Major Health Care Conglomerates Making Big Investments In Pasco
Pasco County is scaling up. Four major health care developments are underway for everything from emergency care to endoscopies to cancer treatment that sounds more like science fiction than reality, and there is a lot to look for in 2025.
In 2024, Pasco County grew in all directions.
Tampa Bay leads Florida in Retail Sales Volume
The Tampa Bay retail market has recorded roughly $1.1 billion in sales volume over the trailing 12-month period, making it the top market in Florida for retail investment. The next closest is Miami, with approximately $1 billion.
Limited Construction Will Drive Retail, Industrial Performance
Virtually non-existent retail construction and the slowing pace of industrial construction will be key factors driving the performance of both sectors, according to Marcus & Millichap national director of research and advisory services John Chang.
Tampa Bay’s Industrial Leasing Well Above Pre-Pandemic Norm
A major theme for the national industrial market over the past year or so has been a steady decline in leasing activity. Industrial assets became the darling of the real estate world in the years immediately following the pandemic, and that trend rang true in the Tampa Bay region.
Beating the High Cost of Property Insurance
Here are several strategies to try.
As the risks and costs of the effects of climate change become increasingly clear to investors, many are considering complex new strategies to try to tamp down or mitigate the rising costs of CRE property insurance.
Essentially all industrial demand is going to new buildings in Tampa Bay
Weakness in older properties contributes to vacancy rising to the highest level since 2016
Older buildings have been shedding tenants at a brisk pace so far this year. For industrial properties larger than 100,000 square feet, pre-2020 built properties have recorded negative 1.3 million square feet of absorption year to date.
Why Private Capital Is Voraciously Buying Up Office Assets
Small private equity firms are able to buy office assets below replacement cost—giving them a strong competitive market advantage.
Without question, the office sector has been the most challenging commercial asset class following the pandemic.
Small-bay industrial properties in these Central Florida suburbs have availability rates below 3%
Fast growing suburbs in the Sunshine State Have Very Few Options for Small and Mid-Sized Tenants
According to the most recent Census Bureau data, Florida ranked among the top three states in the U.S. for population growth between mid-2022 and mid-2023 on both an absolute and percentage basis.
‘Ticking time bomb’: Plunging office values alarm Washington
Four and a half years after the pandemic sent workers home, the office property bill is finally coming due.
The market for office buildings — already reeling from higher vacancy rates amid the rise in remote-work policies — has been crushed by high borrowing costs, and while the Federal Reserve is at last preparing to cut interest rates, it may be too little, too late.
Southwest Florida Multifamily Markets Hit Decade-High Vacancy Rates
Rebound in Renter Demand Unable To Keep Pace With New Completions
Southwest Florida is in the midst of a significant supply wave, which is impacting multifamily vacancies across the region.
CBRE Survey: Cap Rates Have Peaked
Improved sentiment driven by Fed's accommodative signals decline in bond yields versus October 2023 peak
Most respondents expect the expansion in commercial real estate cap rates to have peaked, CBRE said in a bi-annual survey, which polls the company's capital markets and valuation professionals on the direction of cap rates and the magnitude of the change they expect during the next six months.
Saxum Real Estate Partners Acquires Netpark Office in Tampa
Private Developer Sells 950,000-Square-Foot Mall-Turned-Office Complex
Saxum Real Estate Partners, a New Jersey-based investment firm, acquired a 947,176-square-foot office complex in Tampa, from a private developer for $45 million, or about $47.51 per square foot.
Tampa Office Investors Target Smaller Buildings
The Tampa office market recorded roughly $480 million in total sales volume over the first six months of 2024. And while the overall office investment trend has been towards smaller buildings trading, a significant portion of year-to-date deal volume can be attributed to the $150 million sale of 100 North, a 42-story office tower at 100 N. Tampa St. in the city’s central business district.