Tampabay / January 29, 2026
Tampa Bay Market Report | Q3 2025
Highlights:
Tampa Bay’s unemployment rate reached 3.9% in Q3, reflecting a 30-basispoint (bp) increase year-over-year (YOY). Despite this uptick, the region continued to outperform the national unemployment rate of 4.3%, underscoring the relative strength of the local labor market. Over the past 12 months, nonfarm employment expanded by 14,500 positions, a 0.9% increase from this
time last year.
- 19.4 % Vacancy Rate
- 136,964 SF Under Construction
- 202,931 Net Absorption YTD
- $31.34 PSF Average Asking Rent
Have questions about the report or looking for more information about TBIA’s available listings in the Tampa Bay area? Please reach out to the team!
John Jackson, SIOR, CCIM. | Executive Director
813 424 3202 | John.Jackson@cushwake.com
JT Faircloth, SIOR | Senior Director
813 833 3242 | Jt.Faircloth@cushwake.com
Casey Perry | Director
813 233 6464 | Casey.G.Perry@cushwake.com
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