tampa bay Industrial Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from JLL
Quarterly industrial market indicators for tampa bay, aggregated by CREhunt from JLL. As of Q1 2026, average asking rent was $11.03/SF/yr and vacancy was 8.7%, per JLL.
Projected current industrial pricing — tampa bay
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for tampa bay industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 JLL asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent trend-adjusted to today). Assumes ~91% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 JLL | $11.03/SF/yr | 8.7% | 197K SF | — | JLL |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each tampa bay industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport | $13.52/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| East Tampa | $11.54/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Eastside | $7.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Gateway-Mid Pinellas | $10.10/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Mid Pinellas/Gateway | $11.48/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| North Pinellas | $12.12/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast Tampa | $18.00/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northwest Tampa | $14.56/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Pasco County | $11.32/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Plant City | $8.15/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Pinellas | $9.83/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Tampa | $10.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast Tampa | $10.45/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southwest Tampa/Interbay | $9.30/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Tampa CBD | $12.04/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Westshore | $9.97/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Westside | $13.17/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in tampa bay?
- As of Q1 2026, the average asking rent for industrial space in tampa bay was $11.03/SF/yr, per JLL.
- What is the industrial vacancy rate in tampa bay?
- The industrial vacancy rate in tampa bay was 8.7% as of Q1 2026 (JLL).
- Where does CREhunt's tampa bay market data come from?
- This report aggregates quarterly industrial market data for tampa bay from JLL.