Tampa Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Savills, CBRE, Matthews, Newmark, Colliers
Quarterly industrial market indicators for Tampa, aggregated by CREhunt from Cushman & Wakefield, Savills, CBRE, Matthews, Newmark, Colliers. As of Q2 2026, average asking rent was $10.85/SF/yr and vacancy was 7.4%, per Cushman & Wakefield.
Projected current industrial 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 Q2 2026 Cushman & Wakefield data (cap rate 7.6%, asking rent held flat). Assumes ~93% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $10.85/SF/yr | 7.4% | 766K SF | 2K SF | Cushman & Wakefield |
| Q1 2026 Savills | — | 9.1% | — | — | Savills |
| Q1 2026 Cushman & Wakefield | $9.47/SF/yr | 6.8% | 452K SF | 6 SF | Cushman & Wakefield |
| Q1 2026 CBRE | — | 7.5% | — | — | CBRE |
| Q1 2026 Matthews | $12.69/SF/yr | 7.3% | 379K SF | — | Matthews |
| Q4 2025 Newmark | $9.15/SF/yr | 8.7% | 825K SF | — | Newmark |
| Q3 2025 Newmark | $9.06/SF/yr | 8.5% | -106K SF | 3.0M SF | Newmark |
| Q2 2025 Newmark | $8.99/SF/yr | 8.2% | 48K SF | 3.0M SF | Newmark |
| Q1 2025 Newmark | $8.72/SF/yr | 7.5% | 319K SF | 4.0M SF | Newmark |
| Q4 2024 Newmark | $7.59/SF/yr | 7.7% | 287K SF | 5.0M SF | Newmark |
| Q2 2024 Newmark | $8.01/SF/yr | 7.3% | -591K SF | — | Newmark |
| Q2 2024 Cushman & Wakefield | $10.50/SF/yr | 5.3% | 2K SF | — | Cushman & Wakefield |
| Q1 2024 Newmark | $7.71/SF/yr | 7.0% | 538K SF | 8.0M SF | Newmark |
| Q4 2023 Cushman & Wakefield | $9.61/SF/yr | 4.3% | — | — | Cushman & Wakefield |
| Q4 2023 Colliers | $5.81/SF/yr | 5.6% | 4K SF | — | Colliers |
| Q4 2023 Newmark | $8.15/SF/yr | 6.6% | 568K SF | 5.0M SF | Newmark |
| Q4 2023 CBRE | — | 7.0% | 1 SF | — | CBRE |
| Q3 2023 Newmark | $7.74/SF/yr | 5.8% | 435K SF | 6.0M SF | Newmark |
| Q3 2020 Cushman & Wakefield | $5.65/SF/yr | 7.1% | — | — | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $5.69/SF/yr | 6.6% | — | — | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $5.82/SF/yr | 6.5% | 729K SF | — | Cushman & Wakefield |
| Q4 2018 Cushman & Wakefield | $6.63/SF/yr | 5.3% | 1.2M SF | — | Cushman & Wakefield |
| Q3 2017 Colliers | — | 3.9% | 4.0M SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Tampa 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?
- As of Q2 2026, the average asking rent for industrial space in Tampa was $10.85/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Tampa?
- The industrial vacancy rate in Tampa was 7.4% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Tampa market data come from?
- This report aggregates quarterly industrial market data for Tampa from Cushman & Wakefield, Savills, CBRE, Matthews, Newmark, Colliers.