E-commerce: The driving force behind Tampa Bay’s expanding industrial market

Tampa Bay’s industrial real estate market is enjoying strong leasing and development activity halfway into 2019. Healthy population and employment growth in the Tampa Bay area are fueling demand for quality, well-located industrial space which, in turn, is encouraging investors and developers to build new product. In Hillsborough County, 1.5 million square feet of new … Read more

How Pinellas County industrial & office markets are performing

►RLJ Lodging Trust sold the 362-room Vinoy Renaissance St. Petersburg Resort & Golf Club for a total consideration of $188.5 million, consisting of the contractual sales price of $185 million and the release of $3.5 million in member deposits.

INDUSTRIAL Economy The Tampa Bay economy accelerated over the past year, adding more than 26,200 jobs for an annual growth rate of 1.9 percent. As of February 2019, the unemployment rate in Pinellas County fell by 20 basis points over the past 12 months, to 3.3 percent. Nearly all industrial-related industries saw employment growth. Transportation, … Read more

How Hillsborough County industrial & office markets are performing

INDUSTRIAL Economy As of February 2019, the unemployment rate in Hillsborough County fell by 30 basis points over the past 12 months to 3.3 percent. Nearly all industrial-related industries saw employment growth. Transportation, warehouses and utilities had the bulk of job gains, adding 1,600 jobs and a job growth rate of 5.3 percent. The region’s … Read more

Tampa’s Four Biggest Projects

The Tampa Bay area’s office market has hit a sweet spot. From extraordinary year-over-year job growth to record-high rental rates, as well as strong demand from a wide variety of tenants, the signs all point to one thing—the time is finally right for new office development in the market. Asking rental rates for top-of-market office … Read more

How Paul Leone, Flagler’s heirs and a team of 2,200 keep The Breakers on top

Stock market display board showing colorful numbers, arrows and financial indicators.

As a high school student in Paris, Kentucky, Paul Leone helped out at his family’s 17-room Starlight Motor Court, sharing a room with his two brothers. These days, he’s still in the hotel business—as CEO of The Breakers in Palm Beach, one of the nation’s grandest hotels since it opened in 1926. The Breakers and … Read more