Tampa Leasing Volume Down, Despite Exceptional Small-Bay Leasing This Year

The prevailing story in industrial markets over the past few months has been the general slowdown in big box leasing across the country, and the Tampa market has not been immune to this trend. Only eight industrial transactions, including renewals, over 100,000 square feet, were signed in the first half of 2023. By comparison, 18 were signed in the final quarter of 2022 alone.