Tampa Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Matthews, Cushman & Wakefield
Quarterly retail market indicators for Tampa, aggregated by CREhunt from Matthews, Cushman & Wakefield. As of Q1 2026, average asking rent was $26.81/SF/yr and vacancy was 3.7%, per Matthews.
Projected current retail pricing — Tampa
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Matthews data (cap rate 6.7%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Matthews | $26.81/SF/yr | 3.7% | — | — | Matthews |
| Q4 2025 Cushman & Wakefield | $27.47/SF/yr | 3.4% | — | — | Cushman & Wakefield |
| Q4 2025 Matthews | $27.52/SF/yr | 3.4% | 315K SF | — | Matthews |
| Q3 2025 Matthews | — | 3.4% | 74K SF | — | Matthews |
| Q2 2025 Cushman & Wakefield | $26.81/SF/yr | 3.5% | — | — | Cushman & Wakefield |
| Q2 2025 Matthews | $26.93/SF/yr | 3.4% | -237K SF | — | Matthews |
| Q4 2024 Cushman & Wakefield | $26.16/SF/yr | 3.0% | 1.1M SF | — | Cushman & Wakefield |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Tampa retail 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 |
|---|---|---|
| Bayside | $28.52/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Downtown Clearwater | $22.27/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Downtown St Petersburg | $38.42/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Downtown Tampa | $30.66/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| East Tampa | $28.62/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Eastern Outlying | $25.97/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Gateway | $25.62/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Hernando County | $22.60/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Mid-Pinellas | $25.01/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| North Pinellas | $27.39/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Northeast Tampa | $25.43/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Northwest Tampa | $28.34/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Pasco County | $24.64/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| South Pinellas | $27.86/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| South Tampa | $33.56/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Southeast Hillsborough | $27.52/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Westshore | $39.82/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
Frequently asked questions
- What is the average asking rent for retail space in Tampa?
- As of Q1 2026, the average asking rent for retail space in Tampa was $26.81/SF/yr, per Matthews.
- What is the retail vacancy rate in Tampa?
- The retail vacancy rate in Tampa was 3.7% as of Q1 2026 (Matthews).
- Where does CREhunt's Tampa market data come from?
- This report aggregates quarterly retail market data for Tampa from Matthews, Cushman & Wakefield.