Reports: Small industrial properties outpace bigger facilities in region

Maybe small, when it comes to warehouses and industrial properties, isn’t too bad after all.

Big facilities, in leases and sales, normally grab the headlines and attention. Consider the state of Florida’s recent announcement that Chick-fil-A is building a $150 million supply and distribution center in Polk County. 

Yet several new commercial real estate reports say small facilities, around 10,000 square feet or smaller, in Tampa Bay and the I-4 corridor are hot. Tampa, to cite one example, was listed by CoStar in a Nov. 21 report as one of six cities nationally where the “small bay industrial sector is thriving,” based on leasing momentum rent gains. Richmond, Virginia, Nashville, Columbus, Ohio, Salt Lake City and Miami are the others.