Market Pulse

1st Quarter | 2022

In the Headlines

Average Market Rates

Office

$25.80

2.9%

Market Rent Growth (YOY)

Industrial

$9.30

12.3%

Market Rent Growth (YOY)

Retail

$21.90

7.4%

Market Rent Growth (YOY)

Tampa Bay 1st Quarter Total Market Statistics

Market Existing Inventory Net Absorption Deliveries Under Construction SF Quoted Rates
Total RBA
(Retail: GLA)
Vacancy %
Office 127,132,268 SF 9.1% -312,991 SF 65,156 SF 671,581 SF $25.80
Industrial 205,641,129 SF 3.6% 459,649 SF 1,007,228 SF 7,589,173 SF $9.30
Retail 171,698,760 SF 3.55% 416,973 SF 97,734 SF 800,719 SF $21.90

News & Updates | Q1 2022

Over 637,000 SF and 104 AC in New Accounts

New 1st Quarter Accounts

News from Buffalo, NY - Ciminelli Real Estate Corporation

Ciminelli Real Estate Corporation’s Podcast – Ciminelli Chats!

Check out Ciminelli Real Estate Corporation’s podcast – Ciminelli Chats! The podcast was created to better communicate company news, real estate industry insights, and announcements to a wide audience of listeners. Ciminelli Chats is available on www.Ciminelli.com, YouTube, and Spotify. View the most recent episode here: https://www.ciminelli.com/blog/episode-2-reimagining-the-office and subscribe here https://www.ciminelli.com/subscribe-now.

Ciminelli Florida Spotlight

1st Quarter 2022 Leasing & Sales Totals

Ciminelli Real Estate Services of Florida started off the year strong with leasing and sales transactions totaling over $10.5 Million between our Tampa Bay, Ft Lauderdale, and Tallahassee offices! Our main office in Tampa Bay included 94,672 sf of deals throughout Hillsborough and Pinellas County. This success is the direct result of the hard work and dedication of each of our team members to produce results for our clients.