Intelligence

Commercial Real Estate INSIGHTS

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COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

Tampa, FL

Apartment
Tampa has a strong and well-balanced apartment market. The vacancy rate has barely budged over the past two years. It closed the first quarter of 2019 at 4.7%, unchanged since year-end and identical to the rate recorded for year-end 2017 as well. Rent growth, very strong in 2017 and 2018, now shows signs of slowing. At $1,129 and $1,075 per month, first quarter 2019 asking and effective averages represented gains of 0.4% and 0.5% for the period, the lowest single-quarter growth rates since the recession. Respective increases for 2018 all told were 5.4% and 5.3%. VIEW APARTMENT LISTINGS >
Industrial
The Tampa warehouse/distribution space sector remains tight with low vacancy. Reis put the first quarter 2019 number at just 8.0%, down 10 basis points for the period following a modest rise in 2018. At $5.44 psf and $5.00 psf, first quarter average asking and effective rates represented gains of 0.4% each for the period following increases at 1.7% and 2.0% the year before?after gains of 3.5% and 4.1% in 2017. Flex R&D asking and effective rents are reported at $8.31 psf and $7.48 psf, unchanged and up 0.3% for the quarter. First quarter vacancy is reported at 9.3%, down from 9.7% one quarter earlier. VIEW INDUSTRIAL LISTINGS >
Office
Vacancy in the Tampa general purpose, multi-tenant office market has been steady. It closed the first quarter of 2019 at 17.1%, unchanged for the period and duplicating the rate recorded for the end of 2017. Rents are low by national norms; growth proceeds at favorable rates. At $24.47 psf and $19.81 psf, asking and effective averages for the first quarter were up 1.2% and 1.1% for the period following increases of 3.1% each all told in 2018. VIEW OFFICE LISTINGS >
Retail
Vacancy in the Tampa community-neighborhood shopping center market ended the first quarter of 2019 at 9.9%, down 10 basis points for the period after a 40-basis-points loss through 2018. Following a sluggish performance in 2017, rent growth in the community-neighborhood center sector fell negative all told in 2018. Losses of 0.4% and 0.2% are indicated for the asking and effective averages for the year. First quarter 2019 was weak as well: at $15.86 psf and $13.98 psf, respective averages were down 0.1% each for the period. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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