Looking for an industrial real estate broker in Tampa Bay? Ironmark Capital Advisory represents buyers, sellers, landlords, and tenants across Tampa Bay, SIOR-designated. Below is the current Tampa Bay market read, followed by the full range of ways we work for owners and occupiers here. Most owners who call us aren’t committed to a deal yet; they want to know exactly where they stand first.
The Tampa Bay Industrial Market
Tampa Bay industrial is Florida’s value-and-yield market, working off the far side of a record construction cycle. Older, pre-2000 big-box space carries most of the vacancy while small-bay and modern product stay tight — Pinellas County runs as low as 1.7%. Industrial has traded near $154/SF at roughly a 7.2% cap rate, with asking rents around $12.79/SF (+1.4% year over year). It’s a market digesting supply on the state’s cheapest growth basis, not one in retreat — which is exactly when knowing your number matters.
Read the latest Tampa Bay industrial brief →
What Tampa Bay Industrial Is Trading For
Recent Tampa Bay-area industrial trades:
| Trade | Size / Price | $/SF |
|---|---|---|
| Clearwater, May 2026 | 200K SF — $23.5M | $117.50/SF |
| Falkenburg (Alliance), Feb 2026 | 22 acres — $25M | land |
| East Tampa portfolio (East Capital), Dec 2025 | 493K SF | portfolio |
Tampa Bay Submarkets We Cover
Tampa Bay is really several markets. Where your building sits changes both its value and its buyer or tenant pool:
| Submarket | Profile |
|---|---|
| Eastside | 54.1M SF, ~6.6% vacancy — the region's logistics core |
| Gateway / Mid-Pinellas | 26.4M SF, ~7.5% — infill |
| Plant City | 19.4M SF, ~12.9% — newer big-box supply |
| Westside | 15.0M SF, ~6.2% |
| North Pinellas | 4.8M SF, ~2.3% — severely supply-starved |
| South Pinellas | 5.4M SF, ~3.3% |
How Ironmark Works in Tampa Bay
One team, both sides of the market — never both sides of the same deal. Each engagement is set out in full on our services page.
- Investment sales — acquisition and disposition of Tampa Bay industrial, land, and IOS for institutional and private capital
- Seller advisory — sell a Tampa warehouse, building, or land with market-informed pricing and a targeted buyer process
- Landlord advisory — fill vacancy and lift NOI on warehouse, flex, and outdoor-storage space
- Tenant representation — site selection and lease negotiation for occupiers seeking Tampa Bay space
- Buyer representation — market surveys and underwriting for owner-users and investors acquiring here
- Industrial outdoor storage & truck yards — low-coverage IOS, trailer parking, and yard space
- 1031 exchange advisory — tax-deferred exchanges into Tampa Bay replacement property
Why Ironmark
- Senior attention on every engagement — your deal is not handed to a junior broker
- On-the-ground Tampa Bay knowledge — ownership, pricing, and micro-markets, submarket by submarket
- Data-driven advice — our quarterly Tampa Bay brief and statewide market intelligence keep every recommendation grounded
Buying, selling, or leasing industrial in Tampa Bay?
Tell us the property or the requirement. Ironmark will come back within one business day with a written read on your Tampa Bay situation — what it is worth, what is available, or what the market will bear. No cost, no obligation.
Frequently Asked Questions
What is the industrial vacancy rate in Tampa Bay?
Market vacancy in Tampa Bay is about 8.3% (Ironmark research, 3Q 2026). Vacancy is rarely uniform, though — it varies by submarket, building age, and size, so the figure for your specific corridor can be materially different.
What do warehouses lease for in Tampa?
Average asking rent is around $12.79/SF NNN (Ironmark research). Your rate depends on submarket, clear height, loading, and yard — a targeted market survey is the honest answer, and we prepare one at no cost.
What are industrial properties selling for in Tampa?
Recent context: industrial has been trading around $154/SF on average, with recent deals from about $117/SF for older Clearwater product to well above replacement cost for infill. Price per square foot is an output, not a method — a parcel-specific valuation is how you get your building’s real number. Start with a free property valuation.
What areas of Tampa Bay does Ironmark cover?
The full Tampa Bay industrial market and its submarkets, including East Tampa, Plant City, Brandon, Riverview, St. Petersburg and Pinellas County. Ironmark covers Florida statewide — see every market we serve.
Why work with Ironmark instead of a national brokerage?
Because the research behind the advice is our own: we publish a quarterly Tampa Bay industrial brief, and every figure on this page comes from it. More on how the firm is set up on our advantage page.
Other Florida Industrial Markets
Ironmark represents buyers, sellers, landlords, and tenants across Florida’s major industrial markets: Orlando · Fort Lauderdale · Miami · West Palm Beach · Jacksonville · Lakeland · Sarasota · Fort Myers · Naples · Melbourne · Port St. Lucie. See all the Florida markets we serve →
Market data cited: Ironmark research and peer Tampa Bay/Florida industrial reports (3Q 2026); Ironmark’s quarterly Tampa Bay brief. Figures reflect a single named source per metric; other providers may report differently. Refreshed quarterly. Informational only — not tax, legal, or appraisal advice.