Industrial market aims for new highs

Demand for cold-storage space in Tampa, combined with buzz surrounding potential medical marijuana in Florida, has led to a hot industrial commercial real estate market.

Brian Rettig and Gary Bauler, with CBRE's Tampa Industrial Brokerage team, have capitalized on the oppurtunities. The brokers, according to a release, handled more than 1.93 million square feet of industrial sales and leases in the first two quarters of 2014. The total value of the transactions surpassed $47 million.

Says Bauler: “The health of the industrial market is evident in the leases, building sales, land sales, and built-to-suits for lease and sale for a variety of enterprises ranging from food distributors to medical marijuana entities.”