Just Leased-98,000 SF Warehouse
Date Published: 10/17
Details courtesy of Power Broker Rick Narkiewicz. Click to view Rick's profile. To be added to Rick's deal announcements and new investment listings, email email@example.com.
Versatile Packaging just leased a 98,000 SF warehouse located at 915 Chad Lane. The space was available for lease for nearly 2 years and was one of the last remaining bulk distribution spaces available in the East Tampa submarket. There is now only one bulk space available larger than 50,000 SF and it is expected to be leased at any moment.
Several developers are working swiftly to be the first one out of the ground with a new building. It is estimated that there will be three new bulk warehouses completed within the next 12 months to fill this void in Tampa's industrial real estate market. Lease rates for new cross dock buildings are expected to be in the high $4.00 PSF range. Rear load space is expected be be in the mid to high $5.00 PSF range.
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Read past content rich market updates.
10/21 Leased Today-48,000 SF
05/31 45,000 SF Warehouse Sold