Tampa Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Matthews, Newmark, CBRE, Colliers
Quarterly industrial market indicators for Tampa, aggregated by PropZone from Cushman & Wakefield, Matthews, Newmark, CBRE, Colliers. As of Q1 2026, average asking rent was $10.59/SF.
Projected current industrial pricing — Tampa
low confidenceProjected asking rent
$10.59–$10.76/SF/yr
Estimated sale value
$92–$115/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 7.6%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $10.59/SF | — | 0K SF | — | Cushman & Wakefield |
| Q1 2026 | $12.69/SF | 7.3% | — | — | Matthews |
| Q4 2025 | $9.15/SF | — | — | — | Newmark |
| Q3 2025 | $9.06/SF | — | -106K SF | 3.0M SF | Newmark |
| Q2 2025 | $8.99/SF | — | 48K SF | 3.0M SF | Newmark |
| Q1 2025 | $8.72/SF | — | 319K SF | 4.0M SF | Newmark |
| Q4 2024 | $7.59/SF | — | 3.3M SF | 5.0M SF | Newmark |
| Q2 2024 | $8.01/SF | — | -591K SF | — | Newmark |
| Q1 2024 | $7.71/SF | — | 538K SF | 8.0M SF | Newmark |
| Q4 2023 | $8.15/SF | — | 568K SF | 5.0M SF | Newmark |
| Q4 2023 | $5.72/SF | 5.3% | 1.5M SF | — | Cushman & Wakefield |
| Q4 2023 | — | 7.0% | 0K SF | — | CBRE |
| Q4 2023 | $5.81/SF | 5.6% | 4K SF | — | Colliers |
| Q3 2023 | $7.74/SF | — | 435K SF | 6.0M SF | Newmark |
| Q4 2020 | $9.61/SF | 5.4% | 2K SF | 2K SF | Cushman & Wakefield |
| Q3 2020 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2020 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2017 | $10.50/SF | 5.3% | 2K SF | — | Cushman & Wakefield |
| Q3 2017 | — | 3.9% | 4.0M SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for industrial space in Tampa?
- As of Q1 2026, the average asking rent for industrial space in Tampa was $10.59/SF, per Cushman & Wakefield.
- What is the industrial vacancy rate in Tampa?
- Vacancy data for Tampa industrial is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does PropZone's Tampa market data come from?
- This report aggregates quarterly industrial market data for Tampa from Cushman & Wakefield, Matthews, Newmark, CBRE, Colliers.
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