Looking for an industrial real estate broker in Tampa Bay? Ironmark Capital Advisory represents buyers, sellers, landlords, and tenants across Tampa Bay, led by two SIOR-designated principals. Tampa Bay industrial vacancy was 8.3% in 3Q 2026 (data as of October 2026), with average asking rent of $11.35 per SF per year and a modeled market cap rate of 7.6%, according to Ironmark research. 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 big-box space carries much of the vacancy while small-bay and modern product stay tighter. The median sale cleared $165/SF over the past twelve months, at a modeled market cap rate near 7.6%, with average asking rent around $11.35/SF per year (Ironmark research, 3Q 2026). 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 |
|---|---|
| East Side | 60.9M SF, 7.6% vacant, 1.36M SF under construction |
| South Pinellas | 60.1M SF, 7.5% vacant |
| E Hillsborough / Plant City | 27.2M SF, 8.5% vacant |
| Westshore / Airport | 20.7M SF, 6.3% vacant |
| Pasco County | 19.5M SF, 18.4% vacant, 793K SF under construction |
| North Pinellas | 14.3M SF, 5.8% vacant |
Submarket inventory, vacancy and construction: Ironmark research, 3Q 2026 (data as of October 2026).
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
- Outdoor storage & truck parking in Tampa Bay — IOS yards, trailer and semi truck parking, and low-coverage sites
- 1031 exchange advisory — tax-deferred exchanges into Tampa Bay replacement property
Why Ironmark
- Led by two SIOR-designated principals, with advisors across Florida
- 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 $11.35/SF per year (Ironmark research, 3Q 2026). 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: the median industrial sale cleared $165/SF over the past twelve months, at a market cap rate of about 7.6% (modeled; Ironmark's 3Q 2026 Tampa brief), with older Clearwater product trading as low as about $117.50/SF. 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.
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.
Nearby Florida Industrial Markets
Many Tampa Bay requirements cross county lines. Nearby, Ironmark also covers Lakeland / Polk, Sarasota–Bradenton and Orlando, and every other Florida market is on our markets page.
Market data: Ironmark research, 3Q 2026 (data as of October 2026); Ironmark’s quarterly Tampa Bay brief. Asking rent is the average asking rent per square foot per year; “modeled” marks a market-wide estimate rather than an average of closed sales. Other providers may report differently. Refreshed quarterly. Informational only — not tax, legal, or appraisal advice.