Commercial Real Estate Report - Tampa-St. Petersburg, FL [Retail]

Property Type

View market and submarket information on Retail space in Tampa-St. Petersburg, Florida. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Tampa-St. Petersburg, Florida.

Boundaries

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Tampa-St. Petersburg, FL - Entire Metro
Submarkets
Pasco - C -50 bps
Pasco - NC -40 bps
Pasco - N -30 bps
NW Hillsborough - C 0 bps
E Hillsborough Co. - C 0 bps
E Hillsborough Co. - NC 10 bps
E Hillsborough Co. - N 30 bps
Clrwtr./N Pinellas - C 40 bps
NW Hillsborough - NC 50 bps
Clrwtr./N Pinellas - NC 50 bps
Clrwtr./N Pinellas - N 50 bps
St. Pete./S Pinellas - C 70 bps
St. Pete./S Pinellas - NC 80 bps
St. Pete./S Pinellas - N 90 bps
NW Hillsborough - N 120 bps

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 10.4% 7.7% 10.3% 4.7%
Median 8.2% 6.5% 7.2% 4.6%
12 Month Rolling 7.3% 6.3% 6.1% 6.6%

Commercial Real Estate News

Headline Date
 

Recent Rent Observations

Change From Previous Quarter

Market Rent Vac Inv
Tampa-St. Petersburg -0.1% 0 bps 0.0%
South Atlantic Region 0.1% 0 bps 0.0%
United States 0.1% 0 bps 0.0%

Metro vs. Region -0.2% 0 bps 0.0%
Metro vs. US -0.2% 0 bps 0.0%

Latest New Construction Updates

Location Size
E Hillsborough Co. 0 - 150,000
NW Hillsborough 0 - 150,000
NW Hillsborough 150,000 - 300,000
Pasco 600,000 - 0
E Hillsborough Co. 0 - 150,000
E Hillsborough Co. 0 - 150,000
NW Hillsborough 0 - 150,000
NW Hillsborough 150,000 - 300,000
N/A 150,000 - 300,000
E Hillsborough Co. 0 - 150,000
View all Construction Projects

National Retail Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Retail Rankings (Q1 2013)

Based on 190 U.S. Markets
Value:
79. San Antonio, TX 11.6%
80. New Orleans, LA 11.7%
81. Charleston, SC 11.8%
82. Des Moines, IA 11.8%
83. Mobile, AL 11.8%
84. Tampa-St. Petersburg, FL 11.8%
85. Hanford-Corcoran, CA 11.9%
86. Palm Beach, FL 11.9%
87. Peoria, IL 11.9%
88. Denver, CO 12.0%
89. Modesto, CA 12.0%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Tampa-St. Petersburg -0.2% 1,204 bps 0.3%
South Atlantic Region 0.3% 1,099 bps 0.5%
United States 0.3% 1,077 bps 0.7%

Metro vs. Region -0.4% 105 bps -0.2%
Metro vs. US -0.5% 127 bps -0.4%