Flight to quality a major theme in Tampa Bay, Florida’s industrial market
Tenant move-outs from older buildings push vacancy rate to an eight-year high
Tampa Bay, Florida's industrial market is facing headwinds in 2025. Tenant departures from older buildings and a slowdown in leasing activity for spaces larger than 100,000 square ...
Retail availability rises in Miami as store closures drive negative absorption
Fitness and discount retailers lead new box leasing activity
Retail leasing activity in Miami has softened over the past year as limited space availability and rising costs weigh on expansion plans. In addition, several national brands have ...
Tampa Bay, Florida’s multifamily market posts strongest absorption since 2021
Vacancy declines and rent growth return as demand outpaces supply
Tampa Bay’s multifamily market is showing renewed strength in 2025, with fundamentals improving considerably over the past few quarters.
Store closures offer positives in Tampa Bay’s retail market
Availability ticks up but remains near record low amid strong tenant demand
National-level bankruptcies and store closures have begun to put long-held retail space back into the Tampa Bay retail market after two years of record-low availability.
Tampa Bay’s office availability hits a five-year low
Demand for high-quality space fuels strong leasing activity
Tampa Bay’s office market is showing signs of renewed strength, driven by robust leasing activity in newer high-end buildings.
Two Florida markets within top 15 US markets for multifamily investment activity
Tampa and Orlando collectively comprised more than $4 billion in sales volume in past year
Multifamily investment activity is on the upswing in several U.S. markets, and two Florida cities are in the top 15 for trailing-year sales volume through the first half of 2025.
Retail availability rises in Southwest Florida markets
Store closures add new space to the market
Several Southwest Florida markets have seen a negative trailing 12-month absorption trend. Retail bankruptcies of national brands and subsequent store closures have put tens of tho...
Population growth fuels medical office demand in Tampa Bay
CoStar Group releases a new quarterly medical office report for major markets across the US
Over the past decade, the medical office market has emerged as a distinct asset class, clearly diverging from traditional office market fundamentals. This trend has been true acros...
Supply and demand mismatch drives steep decline in asking rents in Sarasota, Florida
Multifamily vacancy rate reaches 25-year high
Despite a resurgence in renter demand, a consistently robust construction pipeline has pushed Sarasota’s multifamily vacancy to a 25-year high of 16.5%, as of June 2025. As a resul...
Fort Myers, Florida’s industrial construction pipeline declines to 2019 level
The region’s vacancy rate is above 7% for the first time since 2014
The Fort Myers industrial construction pipeline has dropped below one million square feet for the first time since the third quarter of 2021. New construction has had a profound im...
Tampa Bay’s for-sale and rental performances diverge in 2025
Renter demand near historic level as home prices fall year over year, for fourth consecutive month
Nearly halfway through 2025, Tampa Bay’s residential housing market performance has shown considerable bifurcation.
New office buildings remain top target for tenants in Tampa Bay, if they can be found
Older, suburban office buildings make up the bulk of the region’s available office space
Sometimes fundamental statistics such as vacancy rate and absorption don’t jive with the overall market sentiment, and that is currently true for Tampa Bay's office market.
Renter demand sets new record in Lakeland, Florida's multifamily market
Vacancy rate declines after reaching an all-time high at the end of 2024
Multifamily absorption has been on an impressive run in the Lakeland, Florida, market over the past year, reaching all-time highs.
Industrial construction returning to pre-pandemic levels in Tampa Bay
Build-to-suits account for a sizable portion of new construction
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 dis...
Multifamily vacancy at all-time high in Fort Myers, Florida
Renter demand well below the pace of construction completions
The Fort Myers, Florida, multifamily market started the second quarter of 2025 with its highest vacancy rate on record at 16.9%. New construction completions have outpaced renter d...
Tampa Bay's multifamily market shows signs of recovery
With the decline in vacancy, the region posted two consecutive quarters of rent growth, reversing five quarters of rent declines
Multifamily trends have changed considerably over the past few quarters in Tampa Bay. Absorption, the net changes in occupancy, has outpaced new unit completions over the trailing ...
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...