Recent retail closures provide new opportunities for Tampa Bay landlords and tenants
The region's vacancy rate still hovers near all-time low
Tampa Bay's retail absorption was negative in the first quarter of 2025, with several national retailers closing stores as part of their bankruptcy process.
Florida apartment performance diverges across markets
CoStar analysts discuss the state of the apartment market in the latest webinar
The recent surge in apartment construction has created a significant supply overhang across Florida, though this has had disparate impacts on property fundamentals depending on the...
Multifamily market improves, but challenges remain in Tampa Bay
What CoStar’s in-market analytics team is hearing from industry players in Tampa Bay
Tampa Bay’s multifamily market has seen considerable improvement over the past few quarters as new supply has slowed and renter demand has picked up. However, property managers ind...
Demographics fuel surge in senior housing investment
Resident demand picks up as the 'silver wave' follows grandkids to new markets
Investment activity in senior housing, a segment that includes assisted living, memory care and continuing care retirement properties, rebounded in 2024 as the sector posted $5.5 b...
Bankruptcies, store closures could provide opportunities in tight Southwest Florida retail markets
Retail availabilities near all-time lows
The Southwest Florida markets of Punta Gorda, Fort Myers and Naples have combined for an availability rate below 4% for over three years. Collectively, the three markets equate to ...
Tampa Bay multifamily sales pricing has increased for two consecutive quarters
Improved renter demand, slowing pipeline and positive rent growth set stage for further gains in 2025
Tampa Bay’s multifamily pricing trough has likely passed as the region’s market price per unit has increased for two consecutive quarters. Tampa Bay's multifamily market was the mo...
Tampa Bay’s growing population fueled job gains in 2024
Several sectors led Sunshine State in nominal job growth
Tampa Bay is one of the leaders in Florida in terms of job creation, in large part due to its increasing population.
Office tenants have limited options in Southwest Florida
Region has one of the lowest vacancy rates in the Sunshine State
The Southwest Florida markets of Fort Myers and Naples collectively have 33 million square feet of office inventory. Of that, only 1.6 million square feet are vacant, resulting in ...
Lakeland, Florida’s stabilized multifamily vacancy barely above pre-pandemic norms
New construction completions have pushed overall vacancy to near-historic highs
Markets across the Sun Belt have contended with a historic number of completions over the past 18 months, and Lakeland, Florida, is no different. As a result, overall vacancy rates...
Southwest Florida multifamily markets continue to face supply obstacles
Vacancy rates across the region hover around all-time highs
Southwest Florida’s two largest multifamily markets, Sarasota and Fort Myers, are in the midst of a historic supply wave, causing vacancies to rise to new heights. While renter dem...
Supply and demand gap narrowing in Fort Myers, Florida's industrial market
Annual leasing activity well above pre-pandemic norms
Like many industrial markets across the country, that of Fort Myers, Florida, has contended with historic amounts of new supply becoming available. The millions of square feet comp...
What to watch in Tampa Bay’s office market in 2025
Historic perspective and emerging trends that could impact the market in the year to come
The Tampa Bay office market led the state of Florida in leasing activity in 2024 with roughly 6.6 million square feet leased. That strong level of leasing activity fueled over 100,...
What to watch in Tampa Bay’s retail market in 2025
Macro-level obstacles could provide opportunity for a highly in-demand retail market
Tampa Bay was the top destination for retailers in Florida in 2024, with the region recording 2.9 million square feet of leasing activity last year.
What to watch in Tampa Bay’s industrial market in 2025
New development, rent growth and strength of the sub-50,000-square-foot market poised to impact fundamentals
The Tampa Bay industrial market enters 2025 in a much better position than most other major industrial markets nationwide. The region is maintaining a leasing volume of roughly 15%...
2024 a record year for Tampa Bay's multifamily market
What soaring renter demand and once-more positive rent growth means for the area in 2025
Multifamily fundamentals improved over the course of 2024 in the Tampa Bay market. Renter demand hit a new all-time high with just over 9,300 units absorbed, beating the previous r...
Lakeland, Florida’s industrial market ending 2024 with momentum
Vacancy rate likely to start improving in 2025
The Lakeland industrial market has steadily improved over the course of 2024.
Naples, Florida, commercial real estate sectors ending 2024 with mixed results
Fundamentals waning across all sectors as population growth stalls
Naples is the southernmost market in the southwest Florida region. The market is one of the most affluent in Florida and is widely known as a retirement destination.
Retail leasing activity rebounds in Lakeland, Florida
Year-to-date leasing volume has already surpassed 2023 figures
Retail leasing activity in Lakeland, Florida, has improved considerably in 2024, following one of the worst years for the metric over the past decade. Less than 400,000 square feet...
Fort Myers, Florida, industrial pipeline accelerates, contrary to national trends
Prospective tenants must look to new construction for space in the market
While other industrial markets across Florida are seeing their industrial pipelines slow, the pipeline in Fort Myers is starting to reaccelerate. Roughly 1.9 million square feet ar...
Southwest Florida retail vacancy hovers near all-time low
The construction pipeline will provide little relief for expanding tenants
Retail vacancy in the Southwest Florida markets of Sarasota and Fort Myers is at an all-time low. Retailers have flocked to the region over the past few years, looking to tap into ...