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Tampa Bay Retail Market Bullish: Colliers Report

TAMPA, FL-The largest and richest consumer market in Florida boasts a low 6.8% vacancy mark in the last two quarters with net absorption of 278,326 sf. Investors are clamoring for non-grocery-anchored strip centers in a strong location.

By Alex Finkelstein | Updated on May 20, 2003

TAMPA, FL-National investors are putting their money into Tampa Bay’s 61-million-sf retail market which boasts a low two-quarter vacancy mark of 6.8% and net absorption of 278,326 sf.

Investors are clamoring for neighborhood and non-grocery-anchored strip centers in a strong location. Community and power centers are on the sidelines, says a new report from the Tampa office of Colliers Arnold.

“Buyers are attracted to Florida because of the economic stability and steady population growth, which fuels demand for retail goods and services,” Colliers Arnold research analyst Jeremy Kral tells GlobeSt.com.

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