Market Pulse
4th Quarter | 2023
Q4 Average Market Rates
3.4%
Market Rent Growth (YOY)
Industrial
$12.19
10.4%
Market Rent Growth (YOY)
Retail
$25.69
8.3%
Market Rent Growth (YOY)
Tampa Bay 4th Quarter Total Market Statistics
Market | Existing Inventory | Net Absorption | Deliveries | Under Construction SF | Quoted Rates | |
---|---|---|---|---|---|---|
Total RBA (Retail: GLA) |
Vacancy % | |||||
Office | 129,094,208 SF | 9.0% | 126,676 SF | 88,500 SF | 1,029,374 SF | $29.14 |
Industrial | 217,043,916 SF | 4.8% | 326,487 SF | 955,878 SF | 4,926,569 SF | $12.19 |
Retail | 176,050,711 SF | 3.2% | 60,360 SF | 240,022 SF | 563,141 SF | $25.69 |
News from Buffalo, NY - Ciminelli Real Estate Corporation
Sustainable Horizons: Guiding Corporate Responsibility in WNY
Hear from WNY Sustainable Business Roundtable's Dr. Alexandra Holland and Ciminelli's Zach Melas to learn why sustainable business is not just a trend, but a vital force for a greener, brighter future.
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