Q1-2017 B Erhardt Tampa Bay Area Land Quarterly Report

Erhardt’s Tampa Bay Land Market Overview | Quarterly Report Q1 - 2017

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Cushman & Wakefield Market Overview – Tampa West Tampa Industrial Overview: • The overall vacancy at the end of the 1st quarter, 2017 is 4.2% compared to 5.2% a year ago and 4.5% last quarter. • Warehouse distribution is at 2.4% vacancy compared to 3.8% a year ago and 3.7% last quarter. • Office Service Center is at 8.6% vacancy compared to 9.7% a year ago and 7.3% last quarter. East Tampa Industrial Overview: • The overall vacancy at the end of the 1st quarter 2017 was 6.0% compared to 7.3% a year ago and 6.4% last quarter. • Warehouse distribution is at 6.0% vacancy compared to 7.3% a year ago and 6.3% last quarter. • Office Service Center is at 9.7% vacancy compared to 15.4% last year and 12.2% last quarter. Plant City Industrial Market Overview: • The overall vacancy at the end of the 1st quarter 2017 was 1.0% vacancy compared to 3.0% a year ago and 2.0% last quarter. • Warehouse distribution is at 1.1% vacancy compared to 4.2% a year ago and 2.5% last quarter Lakeland Industrial Market Overview: • The overall vacancy at the end of the 1st quarter 2017 was 5.1% vacancy compared to 5.0% a year ago and 3.7% last quarter. • Warehouse distribution is at 6.2% vacancy compared to 6.2% a year ago and 4.2% last quarter. • Service center is at 23.7% compared to 14.6% a year ago and 18.5% last quarter Industrial Submarket Map TAMPA BAY MSA INDUSTRIAL SUBMARKETS

56 56

54

PASCO COUNTY

581 1

Lutz

HILLSBOROUGH COUNTY

PINELLAS COUNTY

597

New Tampa

G u n n H w y

NORTHEAST LAKELAND

Carrollwood

4

NORTHWEST LAKELAND

75

East Lake Rd

Bearss Ave

Bruce B. Downs Blvd

WEST SIDE

301 1

593

Lakeland

Fletcher Ave

Palm Harbor

G u n n H w y

Fowler Ave

TOLL 589

Temple Terrace

Linebaugh Ave

E Memorial Blvd

ELLAS

Dale Mabry Hw y H Waters Ave

Florida Ave

580

58

Busch Blvd

T a m p a R d

275

E Baker St.

Sheldon Rd

41

4

Hillsborough Ave

92

Polk Pkwy

Old Tampa Bay

17

301 1

PLANT CITY

DrMartinLutherKing JrBlvd

Veterans Expwyw Tampa International Airport

Lakeland Linder Regional Airport

C o u r t n e y C a m p b e l l C a u s e w a y

Columbus Dr

EAST SIDE

Brandon

22nd St

4

Tampa

SOUTHEAST LAKELAND

County Line Road

TOLL 618

Bayside

275

Valrico Rd

K e n n e d y B l v d

Bridge

60

A d a m o D r

Kingsway Rd

Port Tampa Bay

SOUTHWEST LAKELAND

James L Redman Pkwy

How a rd Frank l a n d B r i d g e G a n d y B r i d g e

Davis Islands

L i t h i a P i n e c r e s t R d

Causeway Blvd

Lumsden Dr

St. Petersburg International Airport

Selmon Expwy

Bloomingdale Rd

ton Rd

West Shore Blvd South Tampa

LLAS

41

301 1

SOUTH TAMPA

17

Riverview

Boyette Rd

MacDill AFB

Blvd

Fish Hawk

75

H AS

Balm Riverview Rd

98

275

4th St

9th St

19

Apollo Beach

I-375

5th Ave N

49th St N

Balm Rd

Balm-Picnic Rd

rsburg

Port of St. Petersburg

I-175

37

Tampa Bay

Sun City Center

41

B a y w a y

Ruskin

674

13

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