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3615 Bromley Grand Avenue, Suite 230, Tampa, FL 33607

Tampa commercial real estate

Florida's most balanced major metro. We work industrial and outdoor storage, multifamily, retail and development land across Hillsborough County from our Compass office in Westshore.

Tampa, Florida
Compass
Tampa
Nearest office3615 Bromley Grand Avenue, Suite 230
Tampa, FL 33607
Tampa BayHillsborough County
2 marketsCovered across the region
(561) 295-8311Speak with a senior advisor

Tampa combines a deep-water port, an international airport, a diversified employer base in finance, health care, defense and technology, and a cost of living that keeps corporate relocations coming. Downtown and Water Street have added a new skyline of office, multifamily and hospitality; Westshore remains the largest office submarket on the Gulf Coast; and the I-4, I-75 and US-301 corridors east of the city form one of the strongest industrial markets in the state, with outdoor storage and truck-oriented sites in particularly short supply. Brandon, Riverview and southern Hillsborough are where the county's new rooftops, retail and medical are being built.

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Commercial properties for sale in Tampa

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Local Office & Off-Market Deals

Off-market commercial real estate in Tampa

GoCommercial, Tampa

3615 Bromley Grand Avenue, Suite 230
Tampa, FL 33607

(561) 295-8311

info@gocommercial.com

Contact us for off-market deals in Tampa

Not every Tampa property trades on the open market. Through Compass Private Exclusives and our direct relationships with local owners, we see opportunities before they are publicly listed. Tell us what you want to buy, your price range and your timing, and a senior advisor will share the private and off-market opportunities that fit.

Own property here and prefer a quiet sale? We can take it to qualified buyers confidentially, without a public listing.

Market Overview

Commercial real estate in Tampa, Florida

GoCommercial's Tampa office is in the Westshore district, with our St. Petersburg office across the bay. Our advisors work industrial outdoor storage, development land, retail and multifamily throughout the county.

What Drives Demand

Why Tampa

01

Corporate relocation

Financial services, health care and technology employers continue to expand into Westshore, downtown and the Gateway area.

02

Port and logistics

Port Tampa Bay, I-4 and I-75 support distribution, manufacturing and one of the most active outdoor-storage markets in the Southeast.

03

Southern county growth

Riverview, Apollo Beach, Ruskin and Wimauma are adding households fast, pulling retail, medical office and multifamily development south.

Submarkets & Corridors

Where the activity is

Downtown, Water Street & Channelside

Class A office, luxury multifamily, hospitality and the new urban core.

Westshore

The Gulf Coast's largest office market, plus hospitality and the International Plaza retail district.

East Tampa, I-4 & US-301

Distribution, manufacturing, outdoor storage and truck-oriented industrial.

Tampa Heights, Seminole Heights & Ybor

Redevelopment, adaptive reuse, multifamily and restaurant retail north of downtown.

Brandon, Riverview & SouthShore

Retail centers, medical office, multifamily and land in the growth corridor south to Ruskin.

Carrollwood, Citrus Park & New Tampa

Suburban office, retail and multifamily in the northern county.

Market Data · CoStar

Market data: Tampa

CoStar figures for the metro and the submarkets that cover Tampa. Each table states its period and rent basis. Full Florida market report ›

GoCommercial Market Analysis · Tampa

CoStar's current figures for Tampa Bay, the market that covers Tampa, put asking rents at office $32.29 per SF (+3.0%) with 9.3% vacancy, flat year over year; industrial $12.63 per SF (−0.7%) with 8.6% vacancy, up 138 bps year over year; retail $27.90 per SF (+2.3%) with 3.7% vacancy, up 28 bps year over year; and multifamily $1,820 per unit (−0.9%) with 10.0% vacancy, down 54 bps year over year.

Over the past 12 months, office absorbed −152K SF against −418K SF delivered, with 340K SF under construction (0.3% of inventory). Industrial absorbed −641K SF against 2.7M SF delivered, with 2.6M SF under construction (1.1% of inventory). Retail absorbed 129K SF against 627K SF delivered, with 1.2M SF under construction (0.7% of inventory). Multifamily absorbed 7,548 units against 7,433 units delivered, with 13K units under construction (5.1% of inventory).

Investment sales across the four property types totaled about $5.65B over the trailing 12 months across 1,969 transactions, at market cap rates of office 8.8%, industrial 7.7%, retail 6.7% and multifamily 5.8%.

Our read: Tampa Bay's office and industrial markets both gave back space over the past year, and industrial rents are flat to slightly down with 2.7 million SF delivered and 2.6 million SF still under construction. Retail remains tight at 3.7% vacancy, and multifamily absorbed 7,500 units with vacancy improving. For owners, the near-term leverage is with tenants in industrial and office; for buyers, retail and stabilized multifamily are where the fundamentals support current pricing.

Analysis by GoCommercial. Reviewed by Brad Kuskin, Founding Principal, on November 10, 2026.

GoCommercial analysis of CoStar market data, Q4 2026 quarter to date. Metro figures are CoStar's; multi-county figures are weighted by inventory. Updated each quarter as new data publishes.

Office

Tampa Bay office asking rents average $32.29 per SF, +3.0% over the past 12 months. Vacancy is 9.3%, unchanged from a year earlier. The market absorbed −152K SF over the past year against −418K SF delivered, with 340K SF under construction. Investment sales over the trailing 12 months totaled about $1.04B across 551 transactions at a market cap rate of 8.8%.

MarketAsking rent / SF12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Tampa Bay$32.29+3.0%9.3%−152K SF340K SF8.8%
Westshoresubmarket$40.04+3.6%11.6%137K SF34K SF8.5%
Downtown Tampasubmarket$41.24+3.6%10.8%−283K SF109K SF8.4%
Northeast Tampasubmarket$29.24+3.1%13.0%221K SF7K SF8.7%
Northwest Tampasubmarket$30.11+2.7%8.8%−27K SF10K SF8.8%
East Tampasubmarket$29.57+3.0%10.3%−49K SF7K SF8.6%
South Tampasubmarket$38.19+3.6%4.3%44K SF4K SF8.1%
Southeast Hillsboroughsubmarket$32.00+3.2%4.8%12K SF23K SF8.5%

Source: CoStar, Florida Office market and submarket data, Tampa Bay, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/SF/year, full-service equivalent. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Tampa Bay · asking rent and vacancy, Q4 each year

2021$25.558.4% vacant
2022$27.278.8% vacant
2023$28.719.0% vacant
2024$29.979.2% vacant
2025$31.499.4% vacant
2026$32.299.3% vacant

Industrial

Tampa Bay industrial asking rents average $12.63 per SF, −0.7% over the past 12 months. Vacancy is 8.6%, up from 7.2% a year earlier. The market absorbed −641K SF over the past year against 2.7M SF delivered, with 2.6M SF under construction. Investment sales over the trailing 12 months totaled about $1.40B across 501 transactions at a market cap rate of 7.7%.

MarketAsking rent / SF12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Tampa Bay$12.63−0.7%8.6%−641K SF2.6M SF7.7%
East Sidesubmarket$12.26−0.6%7.7%−1.3M SF1.4M SF7.1%
E Hillsborough/Plantsubmarket$9.88−0.7%9.2%360K SF10K SF7.6%
Westshore/Airportsubmarket$13.880.0%5.9%−213K SF0 SF7.9%
Downtown Tampasubmarket$12.77−3.4%12.0%−185K SF43K SF7.7%
SE Hillsboroughsubmarket$10.21−0.5%6.1%468K SF65K SF6.7%
NW Hillsboroughsubmarket$16.32−0.3%5.8%55K SF0 SF7.6%
SW Hillsboroughsubmarket$14.42−1.3%23.4%48K SF0 SF7.5%
NE Hillsborough/Univsubmarket$15.17−0.3%1.5%−24K SF150K SF7.7%

Source: CoStar, Florida Industrial market and submarket data, Tampa Bay, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/SF/year, triple net, all industrial subtypes. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Retail

Tampa Bay retail asking rents average $27.90 per SF, +2.3% over the past 12 months. Vacancy is 3.7%, up from 3.4% a year earlier. The market absorbed 129K SF over the past year against 627K SF delivered, with 1.2M SF under construction. Investment sales over the trailing 12 months totaled about $1.62B across 776 transactions at a market cap rate of 6.7%.

MarketAsking rent / SF12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Tampa Bay$27.90+2.3%3.7%129K SF1.2M SF6.7%
Northwest Tampasubmarket$28.65+2.4%3.8%−155K SF5K SF6.8%
Northeast Tampasubmarket$25.84+2.4%4.3%−156K SF87K SF6.6%
East Tampasubmarket$29.12+2.5%1.0%177K SF0 SF6.7%
Westshoresubmarket$40.81+2.1%1.8%−11K SF23K SF6.6%
South Tampasubmarket$33.32+0.9%1.6%25K SF37K SF6.3%
Southeast Hillsboroughsubmarket$28.13+3.0%2.4%164K SF112K SF6.3%
Downtown Tampasubmarket$30.68+2.0%3.7%67K SF28K SF6.2%

Source: CoStar, Florida Retail market and submarket data, Tampa Bay, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/SF/year, triple net. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Multifamily

Tampa Bay multifamily asking rents average $1,820 per unit per month, −0.9% over the past 12 months. Vacancy is 10.0%, down from 10.6% a year earlier. The market absorbed 7,548 units over the past year against 7,433 units delivered, with 13K units under construction. Investment sales over the trailing 12 months totaled about $1.59B across 141 transactions at a market cap rate of 5.8%.

MarketAsking rent / unit12-mo changeVacancy12-mo absorptionUnder constructionCap rate
Tampa Bay$1,820−0.9%10.0%7,548 units13K units5.8%
North Tampasubmarket$1,514−1.9%10.3%−272 units374 units6.0%
Southeast Tampasubmarket$1,744−2.1%9.9%946 units1,409 units5.8%
West Tampasubmarket$1,736−1.4%9.0%152 units717 units5.6%
Northwest Tampasubmarket$1,630−1.6%7.8%38 units0 units5.7%
Downtown Tampasubmarket$2,570+0.5%10.1%784 units990 units5.7%
South Tampasubmarket$2,147+0.9%11.1%657 units275 units5.7%
East Tampasubmarket$1,714−1.9%14.4%341 units6 units5.8%

Source: CoStar, Florida Multifamily market and submarket data, Tampa Bay, Q4 2026 (quarter to date, retrieved November 2026). Market asking rent, $/unit/month; inventory, absorption and construction in units. 12-month figures are trailing four quarters. Analysis and commentary by GoCommercial.

Hospitality

MarketADROccupancyRevPAR12-mo RevPAR changeRoomsUnder constructionCap rate
Tampa CBD/Airportsubmarket$201.3573.5%$147.99+0.8%13,476591 rooms7.5%
Tampa Eastsubmarket$137.2470.8%$97.12−13.4%8,691235 rooms8.2%
Tampa North/Busch Gardenssubmarket$126.3464.3%$81.21−16.1%7,103317 rooms8.2%

Source: CoStar, Florida Hospitality market and submarket data, Tampa Bay, 12 months to September 2026 (monthly series, retrieved November 2026). Average daily rate, occupancy and RevPAR, trailing 12 months; inventory in rooms. Sales volume and transactions are trailing 12 months. Analysis and commentary by GoCommercial.

Guides for this market: Commercial Property for Sale Tampa: The 2026 Investor's Guide to Florida's Hottest CRE Market · Best Neighborhoods in Tampa Florida for Retail Investment (2025 Guide) · Retail Space per Capita in Tampa FL: Growth Opportunity or Oversupply? · Commercial Real Estate in Tampa FL: Investor Guide

Questions

Frequently asked

Who at GoCommercial covers Tampa?
Our Tampa Bay team, working from Tampa, 3615 Bromley Grand Avenue. A senior principal handles every Tampa engagement personally, from valuation to closing, backed by Compass's 15 Florida offices and a national network licensed in all 50 states. Firmwide, GoCommercial has transacted in 37 of Florida's 67 counties.
Do you specialize in industrial outdoor storage?
It is one of our core specialties. We track the national IOS buyer pool and have sold and valued yards, contractor sites and truck terminals across Hillsborough and Pinellas.
Where is your Tampa office?
Compass at 3615 Bromley Grand Avenue, Suite 230, in Westshore.

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