Tampa's growing industrial market as sales activity has surged in recent quarters this year due to population growth and tight market conditions.
That's according to a 2022 Tampa-St Petersburg Industrial Investment Forecast report by Marcus & Millichap, which says investors are optimistic about Tampa's future as the annual deal flow reached a 20-year high in 2021.
The report says investors are trading pre-1990-constructed warehouses and distribution properties most often in Tampa, with cap rates averaging in the high-5 percent range.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
