Tampa Bay’s industrial leasing activity well above pre-pandemic norm

A major theme for the national industrial market over the past year or so has been a steady decline in leasing activity. Industrial assets became the darling of the real estate world in the years immediately following the pandemic, and that trend rang true in the Tampa Bay region. Tens of thousands of out-of-state residents moved to Tampa Bay, increasing the demand for housing and goods, which in turn drove record industrial demand.