Space Available: | 63,300.00 sq. ft. |
Type: | Industrial - Warehouse |
Est. Rent: | $0.83/SF/Month $9.96/SF/Year |
The Mid-Pinellas Submarket in Tampa is a large submarket relative to the national norm and contains about 6.1 million SF of office space. The vacancy rate has fallen a bit over the past year, and at 7.0%, the rate was well below the 10-year average as of 2021Q4. Market prices continue to establish new records and despite significant market cap rate compression over the past decade, Tampa yields still are attractive when compared against the National Index and particularly against coastal and gateway markets. Office investment activity has sharply increased in recent quarters, and annual sales volume is roughly double 2020 levels. Volume exceeded $300 million in 21Q2 for the first time during the pandemic era led by the June sales of Two Harbour Place and Highwoods Preserve VII and in one example of shifting office occupier preferences, the $24 million sale of Kforces Ybor City headquarters as part of the firms pandemic-era downsizing efforts. This property is ideal for the relocation of a company who wants it now and doesnt want to wait for a new building to be built. Class C and needs Reno. However, theres enough office space that they can move in and take down a floor at a time.
7150 114th Ave provides tenants 63300 square feet of warehouse space for rent in Largo, FL.
This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.
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