Why Industrial Real Estate is Thriving in Tampa Bay’s Submarkets

Why Industrial Real Estate is Thriving in Tampa Bay’s Submarkets

Tampa Bay’s industrial real estate is on fire, and the numbers prove it. By Q4 2024, vacancy rates dropped to 5.2% across the region and 9.8% in Lakeland/Polk County, with rental rates climbing to $11-$12 per square foot. Why the surge? It’s all about location and logistics.


Tampa’s port—one of the busiest in the Southeast—keeps industrial demand humming, feeding warehouses and distribution centers. E-commerce giants and local manufacturers alike are snapping up space, especially along I-4 and I-75 corridors. Submarkets like East Tampa and Plant City are thriving, offering cheaper land and quick highway access compared to coastal hubs.


For investors, this is gold. Industrial properties deliver steady cash flow and long-term leases, often 5-10 years, with tenants hungry for last-mile delivery hubs. At Brokers International, we’re seeing Tampa Bay industrial deals close fast—whether it’s a 50,000-square-foot warehouse or a flex space near the port. Want in on this growth? Let’s pinpoint the perfect industrial investment for you.

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