TAMPA

...several game-changing developments on the horizon... central location has prompted manufacturing and logistics companies to call the region home.

Employment growth... expected in the near-term which should continue to buoy fundamentals. Net absorption is forecasted to outpace supply… putting… pressure on average asking rates…

Absorption is expected to outpace supply... keeping rates moving higher. The market’s central location… will support sustained market growth in the near-term.

Tempered employment growth is expected… Personal income growth and population are expected to continue on an upward trajectory... supporting demand for retail product

Absorption is expected to lag supply... pushing vacancy higher and putting pressure on rents… expect to experience moderate rent growth and a steady supply of new product

...near record levels, occupancy rates are forecast to flatten in the next year... Due to increasing supply, greater than demand growth, RevPAR will be diminished in the coming years.