Why Tampa Bay

WESTSIDE Industrial Market Snapshot Q1 2024 81.2 MSF Warehouse/Distribution 13.7 MSF Office Services/Flex NORTH PINELLAS 60 589 Clearwater Airpark

301

92

Tampa International Airport

Lakeland Linder Regio Airport

PLANT CITY

EASTSIDE

618

Old Tampa Bay St Petersburg International Airport

60

19

Port Tampa Bay

24.9 MSF Manufacturing

GATEWAY/MID PINELLAS

92

SOUTH TAMPA

Submarket Spotlight

MacDill AFB

699

41

EASTSIDE 3.9% Direct Vacancy

Tampa Bay

19

SOUTH PINELLAS

Port St Petersburg

52.0 MSF Inventory

$10.97 Direct Rent (NNN/SF)

TAMPA BAY OVERALL

WESTSIDE

13.8 MSF Inventory

2.1% Direct Vacancy

$13.06 Direct Rent (NNN/SF)

SUPPLY & DEMAND

DIRECT RENTAL & VACANCY RATES

$ 12

6 %

10.0M

$ 10

5 %

PLANT CITY

8.0M

$ 8

4 %

6.0M

17.2 MSF Inventory

8.8% Direct Vacancy

$7.19 Direct Rent (NNN/SF)

$ 6

3 %

4.0M

$ 4

2 %

2.0M

$ 2

1 %

GATEWAY/MID-PINELLAS

0.0M

$ 0

0 %

2019

2020

2021

2022

2023

2024 YTD

1Q19

1Q20

1Q21

1Q22

1Q23

1Q24

25.3 MSF Inventory

2.9% Direct Vacancy

$11.80 Direct Rent (NNN/SF)

Leasing Activity

Construction Completions

Direct Absorption

Direct Rental Rate

Direct Vacancy

Cushman & Wakefield | Why Tampa Bay