Tampa Bay, Florida’s office vacancies concentrated in aging suburban buildings
Tampa Bay’s office vacancy is increasingly concentrated in a small subset of aging buildings located in outer suburban areas, underscoring the market’s ongoing flight to quality.
Tampa Bay, Florida’s small-bay industrial market reclaims leasing dominance
Leasing activity shifts back to smaller buildings as demand for large buildings slows
After several years of headline-grabbing mega leases, Tampa Bay’s industrial market is returning to its roots.
Why it's taking longer to build new office space
Pandemic-era disruptions and market pressures stretch timelines for small and large buildings
The time required to bring new office space to the market has increased dramatically in the U.S. in recent years, with both construction periods and project delays rising sharply since the onset of the pandemic.
Medical Office Deliveries Decline Amid Rising Investor Interest
New medical office space falls short of decade average
The construction of medical office buildings is entering a period of notable contraction. According to Marcus & Millichap’s national report on medical office assets for the first half of 2025, total completions are set to fall a million square feet below the average 11 million square feet seen over the last decade.
Consumers temper their pessimism as a tariff deadline nears
Sentiment improves for the third straight month
A buoyant stock market and a temporary pause in tariff tension helped temper American consumers' pessimism last month, according to a handful of data releases.
Tampa Bay manufacturers dispute report of sector's demise
Reports, articles, and more signaling the demise of the U.S. manufacturing sector have sprouted up for various reasons dating back to at least the 1980s. The culprits change — Japan, China, Mexico, and more have been in the queue — depending on the politics and economics of the day, with the latest one being President Trump’s tariff policy.
Industrial construction returning to pre-pandemic levels in Tampa Bay
Build-to-suits account for a sizable portion of new construction
As Tampa Bay’s industrial vacancy rate has risen over the past two years, causing developers to adapt to a changing market.
Florida rated among top 5 in the country for business investment
A recent report from BrokerChooser, an online platform dedicated to brokerage analysis, ranked Florida as one of the top five states in the country for startups and businesses seeking funding.
Amid Economic Uncertainty, CRE Investors Are Urged to Think Long Term
What we can learn about the next five years by looking back at the past five years.
With the country in the grips of elevated economic uncertainty, some investors are pushing the pause button.
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.