Tampa Bay Commercial Real Estate Market Report Q4 2025

Tampabay  /   January 30, 2026

Tampa Bay Market Report | Q4 2025

Highlights: 

Tampa Bay’s overall industrial vacancy rate remained elevated through the end of 2025 though the rate of increase tapered, ending Q4 at 6.9%, on par with the highest level recorded in six years.

  • 6.9 % Vacancy Rate
  • 1,451,102 SF Under Construction
  • 1,017,490 Net Absorption YTD
  • $10.33 PSF Average Asking Rent

Download the full report here


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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