Engage in Tampa

ENGAGE TAMPA BAY 2021 Q4

PAGE 24

Westside

MAJOR USERS FedEx

INVENTORY (SF)

The Westside submarket is the second larg- est in the Hillsborough industrial market and encompasses the area around Tampa Inter- national Airport, which continues to be a growth magnet for warehouse/distribution and office services. The area around the airport has historically been one of the high- est occupancy submarkets in the Tampa region, as the majority of tenants are there on long-term leases.

The Westside is a prime location for distribu- tion and logistics centers, thanks to conve- nient access to the airport, major highway systems, and local tenants such as FedEx and UPS. With many companies moving operations to more centralized locations with close proximity to major transporta- tion arteries, the Westside submarket is undoubtedly an attractive option for firms seeking to establish a facility to serve the entire metro area as well as the state.

13.1M 7.8M 1.1M 4.2M 542k TOTAL

Republic National Distribution

WAREHOUSE/DISTRIBUTION

Home Depot

BMP USA

MANUFACTURING

Pompanette

UPS

OFFICE SERVICES

$9.58 PSF DIRECT RENT

4.5% DIRECT VACANCY

1.2MSF LEASING ACTIVITY

1k SF DIRECT ABSORPTION

UNDER CONSTRUCTION

DIRECT RENTAL AND VACANCY RATES

LEASING ACTIVITY & DIRECT ABSORPTION