Commercial Real Estate

Tampa Bay is hot and that’s not just the weather talking, either. This place is on fire with good news! You can’t go anywhere between Tampa Bay and Orlando along the I-4 Corridor without hearing a good news story about business growth, population growth and economic growth. TAMPA BAY GROWTH…

75 consecutive months of national employment growth means we have momentum going into New Year - a New Year that comes with new challenges and new changes we can forecast. We know national economic progress is not going to take a sudden stop or a dramatic turnaround because large looming…

Local Commercial Real Estate It’s becoming an even more important topic locally in Tampa Bay as we grow. Vacant existing space is becoming hard to come by in the right size, flexibility, and buildout required for business owners. You think there’s plenty of buildings to choose from, but actually it’s…

The market continues to improve, and spaces are coming off the market, but most have been in core locations, and class A product. We’ve been tracking the I-4 Corridor (Interstate 4) from Tampa to Orlando now for 2 years, in order to better understand how activity compares. We even track…

Corporate America is starting to open up their Tampa requirements again, and they’re needing some unique needs such as heavier parking for regular meetings and some combined office/flex scenarios.  From a 30,000 foot perspective, each and every week that goes by with Vinik’s plan for downtown Tampa, more confidence grows…

The biggest news of the week in Tampa… Jeff Vinik goes national with his “stamp of approval” on Tampa and why it’s a great place for businesses to move here!  Click the link to watch. There are pro-business leaders in charge here in Tampa, and the State of Florida, which…

Another 500,000 SF user surfaced last week, looking for land to buy in Lakeland for their own purposes. This is different from the other 500,000 SF that appeared looking for a build-to-suit to lease. That explains the flurry of developer activity and other large-scale contractors that are asking questions about…

A lot of the conversation this past week has been around large warehouse users looking for over 200,000 SF. That includes a 1.2 million square-footer touring through the state looking for land to build a large facility on. It’s a guarded secret and even the EDC representatives are confident it’s…

Locally, a lot of news revolves around the CSX Intermodal in the middle of the state, speculative construction in Tampa heating up, and our ports teaming up to market to users on a unified front (see links below). Although 3Q14 had less market-wide leasing activity and deal flow than previous…

  A local recycler has consolidated 3-4 smaller overflow facilities around East Tampa into a 107,000 SF lease, on short term while they construct their own building in a couple years. Businesses in Florida are reporting increased optimism in their business prospects for this year, and plan to invest in their companies…