Market Trend: Tampa St Petersburg's Retail Vacancy Stays at 72%

2013-07-24T23:34:34-04:00

The Tampa/St Petersburg retail market did not experience much change in market conditions in the second quarter 2013. The vacancy rate went from 7.2% in the previous quarter to 7.2% in the current quarter. Net absorption was positive 256,609 square feet, and vacant sublease space decreased by 88,218 square feet. In first quarter 2013, net absorption was negative 112,357 square feet. Tenants moving into large blocks of space in 2013 include...

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