Intelligence

Regional Summaries

Select a state to view available market snapshots

Tampa - St. Petersburg

Apartment
The Tampa apartment market vacancy rate closed 2017 at just 4.5%, a gain of 40 basis points for the year following 2016’s 30-basis-points increase. The fourth quarter alone, meanwhile, saw 952 units deliver and 1,112 absorbed net as the vacancy rate shed 10 basis points. Although slowing somewhat in 2017, rates of rent growth remained substantial. At $1,065 and $1,014 per month, fourth quarter asking and effective averages were up 4.6% and 3.6% for the year following increases of 5.1% for both in 2016—after similarly strong growth rates in 2015. Gains for the fourth quarter alone were 0.7%. Data for the market as a whole for January 2018 show no new construction completions and negligible net absorption, an essentially flat vacancy curve, and growth rates of 0.5% for both average rents.
Industrial
TampaÂ’s warehouse/distribution vacancy rate, declining over the past few years, leveled off in 2017 but is quite low by national norms for this property type. At 7.7%, the fourth quarter rate was unchanged for the period and unchanged overall for the year following a decline by 70 basis points in 2016. With no space delivering in January 2018, alongside modest net absorption, the rate remained unaffected. A notable acceleration in rent growth in 2016 was followed by another in 2017. At $5.33 psf and $4.88 psf, fourth quarter average asking and effective rates represented gains of 3.5% and 4.1% for the year following increases of 3.0% and 3.3% in 2016. Gains for the fourth quarter alone were 0.9% and 1.2%, to which January 2018 added a flat performance for the asking average and a 0.2% loss for the effective rate.
Office
Vacancy in the Tampa general purpose, multi-tenant office market ended 2017 at 17.1%, down fully 60 basis points since the third quarter alone and down 170 for the year following a loss of 200 over the preceding two. Rates of rent growth, increasing in 2014 and 2015, slowed slightly the year after but picked up again in 2017. At $23.46 psf and $19.01 psf, fourth quarter average asking and effective rates were up 3.0% and 3.4% for the year. Gains for the fourth quarter alone were 1.5% and 1.7%. January 2018 followed with 68,000 square feet of net absorption alongside no supply deliveries, a decline in the vacancy rate to 16.9%, and gains of a penny each for the mean asking and effective rents.
Retail
Vacancy in the Tampa community-neighborhood center shopping market ended the year at 10.6%, up 40 basis points since the third quarter but down 20 for the year following a 30-basis-points increase in 2016. January 2018 followed with a 20-basis-points decline. Rent growth in this sector slowed markedly in 2017. At $15.91 psf and $14.01 psf, fourth quarter asking and effective average rents were up just 1.4% each for the year after gains of fully 4.0% and 4.2% in 2016. Gains for the fourth quarter of 2017 alone were only 0.1% apiece. Losses of 0.1% followed in January 2018.

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Coldwell Banker Commercial® Blue Book

The Coldwell Banker Commercial® (CBC) organization is proud to present its’ 2017 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the Coldwell Banker Commercial organization from all over the world.

CBC-affiliated professionals represent one of the largest commercial real estate footprints in the U.S.  The Blue Book brings their local market feedback directly to you with up-to-date commercial real estate research covering 130+ Primary, Secondary, Tertiary & International markets. If you are thinking of investing in alternative markets, the Blue Book is your go-to resource for local commercial real estate market data!

CBC NRT NNN Investment Report

This is a market report that Coldwell Banker Commercial NRT prepared for the CBC Global Conference. This report provides the 2018 forecast of net-lease properties and details why NNN properties remain well-positioned for continued success and growth in the coming months.

CBC Infographics

Shopping In-store vs. Online Shopping

The retail industry is in the midst of epic change and while some predict the end of brick and mortar stores, a recent Coldwell Banker Commercial Affiliates survey conducted online by Harris Poll aimed to explore current shopper preferences and trends to determine the real state of commercial real estate today.

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

White Papers

 

     

Additional Resources

 

    

 

   

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need.Get the information you need to make wise commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!