Why Tampa Bay

19 Industrial Market Snapshot 84.0 MSF Warehouse/Distribution 13.8 MSF Office Services/Flex

Q1 2025

75

WESTSIDE

NORTH PINELLAS

275

589

4

PLANT CITY

60

24.9 MSF Manufacturing

275

GATEWAY / MID PINELLAS

SOUTH TAMPA

92

Submarket Spotlight

EASTSIDE

EASTSIDE 4.9% Direct Vacancy

SOUTH PINELLAS

53.2 MSF Inventory

$10.95 Direct Rent (NNN PSF)

TAMPA BAY OVERALL

WESTSIDE

75

14.4 MSF Inventory

5.8% Direct Vacancy

$13.73 Direct Rent (NNN PSF)

SUPPLY & DEMAND

DIRECT RENTAL & VACANCY RATES

10.0M

7.0%

$12.00

6.0%

PLANT CITY

8.0M

$11.00

5.0%

$10.00

6.0M

18.2 MSF Inventory

11.8% Direct Vacancy

$8.00 Direct Rent (NNN PSF)

4.0%

$9.00

4.0M

3.0%

$8.00

2.0M

2.0%

GATEWAY/MID-PINELLAS

$7.00

1.0%

0.0M

2020

2021

2022

2023

2024

2025 YTD

$6.00

0.0%

25.8 MSF Inventory

5.2% Direct Vacancy

$10.90 Direct Rent (NNN PSF)

1Q20

1Q21

1Q22

1Q23

1Q24

1Q25

Leasing Activity

Construction Completions

Overall Absorption

Direct Rental Rate

Overvall Vacancy

Cushman & Wakefield | Why Tampa Bay