Q4 2025 & Full-Year 2025 Review
The Tampa Bay industrial market shifted in 2025 from the breakneck conditions of prior years toward a more balanced environment.
Vacancy
Industrial vacancy normalized into roughly the high-6% to low-7% range—above historic lows, but still supportive of quality space.
Demand & Absorption
Leasing activity improved after a slower start to the year. Small-bay and infill industrial remained stronger than large-bay product.
Rents
Asking rents remained near record levels, although growth slowed. Functional, well-located industrial continued to command premiums.
Construction
Approximately 2.5 million square feet delivered during 2025, increasing tenant choice and competition among landlords.
Investment Activity
Sales activity improved during the second half of the year as cap rates adjusted and buyers re-engaged.
What It Meant
- Owners needed to reassess timing, pricing and positioning.
- Tenants gained more negotiating leverage.
- Investors began seeing better entry points than during 2021–2022.
Call 813-995-5544 or email mike@protech-cr.com.