Tampabay / May 8, 2025
Tampa Bay Market Report | Q1 2025
Highlights:
Tampa Bay’s economy showed resilience in Q1, with nonfarm jobs up 0.7% (11,200 jobs). Unemployment rose to 3.7% but remained below the 4.1% national average. Industrial activity stayed steady, supported by strong infrastructure and demand from logistics and e-commerce users. However, rising vacancies, new supply, and economic uncertainty may pressure fundamentals ahead.
- 6.1 % Vacancy Rate
- 2,238,758 SF Under Construction
- -141,627 Net Absorption YTD
- $10.26 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. | Managing Director
813 424 3202 | John.Jackson@cushwake.com
JT Faircloth, SIOR | Director
813 833 3242 | Jt.Faircloth@cushwake.com
Casey Perry | Senior Associate
813 233 6464 | Casey.G.Perry@cushwake.com
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