As Tampa Bay’s industrial vacancy rate has risen over the past two years, causing developers to adapt to a changing market. Roughly 3.5 million square feet of new warehouse and distribution space is under construction in the Tampa Bay industrial market, a 35% drop from this time last year. Further, Tampa Bay’s construction pipeline has decreased since reaching its peak of 7.5 million square feet in 2022.
Industrial construction returning to pre-pandemic levels in Tampa Bay
Build-to-suits account for a sizable portion of new construction
CoStar Analytics
May 13, 2025 | 7:40 P.M.
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IN THIS ARTICLE
- Properties
- Building E2
475 Charlie Taylor Rd, Plant City, FL
- Bauducco Foods
Chancey Rd, Zephyrhills, FL
- 301 Industrial Center
8802 Industrial Dr, Temple Terrace, FL