Tampa Bay continues to see a slowdown, as retail leasing volume came in at about 1.25 million square feet for the first half of 2024, representing a tumble of roughly 35 percent year-over-year, the latest market report from Bounat shows.
Also, the under 600,000 square feet recorded in the three months through June marked the fourth consecutive quarter of declines.
Bounat noted grocers, fitness centers, and discount stores have continued to dominate the share of leases for the asset class.
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