After several years of headline-grabbing mega leases, Tampa Bay’s industrial market is returning to its roots. Small-bay buildings, defined as 50,000 square feet or smaller, have accounted for 75% of direct industrial leases signed year to date, up from an average of 68% between 2020 and 2024.
Tampa Bay, Florida’s small-bay industrial market reclaims leasing dominance
Leasing activity shifts back to smaller buildings as demand for large buildings slows
CoStar Analytics
October 14, 2025 | 2:39 P.M.
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