TAMPA, FL—Tampa is making headlines for big expansions lately. HealthPlan is bringing 1,000 new jobs to the city and the industrial commercial real estate market is gaining momentum. GlobeSt.com caught up with Rick Narkiewicz, first vice president at CBRE Tampa, to get his take on Tampa's industrial real estate market.
GlobeSt.com: How are market fundamentals improving for the industrial market?
Narkiewicz: Among class A and B properties rents have risen about $1 per square foot from this time last year. The vacancy rate continues to decline, several properties that have been empty for years are finally full and concessions have reduced significantly.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
