What They're Saying: Avison Young First Quarter 2018

“Economic fundamentals in Tampa Bay remain solid as indicated by the sustained decline in the unemployment rate, which stood at 3.6% as of February 2018 — a marked 100-basis point (bps) decrease from the previous year.”

“Within Tampa’s industrial market, healthy leasing activity is occurring, particularly in the East Side and Lakeland submarkets, and the vacancy rate has held steady, growing by only 42 bps even as 1.1 million (square feet) of new industrial space delivered during the first quarter.”