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Here are the places where the small-bay industrial sector is thriving

Richmond, Tampa, Nashville, Columbus, Salt Lake City and Miami are the national leaders based on leasing momentum and rent gains
Rycore Capital purchased the Waterside Business Center located at 13160 56th Ct in the South Pinellas area of Tampa in early 2024 as part of a portfolio deal. (CoStar)
Rycore Capital purchased the Waterside Business Center located at 13160 56th Ct in the South Pinellas area of Tampa in early 2024 as part of a portfolio deal. (CoStar)
CoStar Analytics
November 21, 2025 | 10:50 P.M.

A disparate group of markets has emerged as the top performers for the small bay industrial sector, albeit based on different factors. The standouts include Richmond, Virginia; Tampa, Florida; Nashville, Tennessee; Columbus, Ohio; Salt Lake City, Utah; and Miami, Florida.

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