Early this week in Florida, smaller submarkets saw some commercial real estate action. Self-storage, seniors housing and other niche properties made headlines.
BY THE NUMBERS
Retailers compete for space as deliveries fall to cyclical low. Healthy job growth has tightened the labor market, pushing up wages, creating a strong demand for housing and bolstering the Tampa-Saint Petersburg economy. Household income growth has outpaced the national rate over the past three years, providing a boost to retail sales. These factors have encouraged retailers to expand in the metro, with net absorption outpacing new supply by 3.8 million square feet over the past five years. (Source: Marcus & Millichap)
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