Region scores big win in national retail report

The No. 3 market nationwide for growth in retail rent rates is a bit of a surprise: Tampa Bay.

For a market sometimes considered second-tier in terms of attracting national retail, that’s a strong sign the economy continues to outperform other southern cities. The report, from commercial real estate analytics firm CoStar, has a few other surprises. Sacramento, Calif., for one, posted the best retail rent growth rate nationally — over even Los Angeles and San Francisco — and two other Florida regions, Orlando and Miami-Dade, made the top six.