Strong Population and Economic Growth Support Tampa Bay Retail Health
Franklin Street’s Q2-21 report on the Tampa Bay retail market takes an in-depth look at key indicators in the market, from leasing and investment sales activity to foot traffic levels and new developments.
The report also dives into important trends and challenges impacting the market, while offering exclusive insight on what’s ahead for Tampa Bay retail.
- Tampa Bay’s retail market outperformed similar markets around the nation in Q2-21.
- Despite the challenges related to the Covid-19 pandemic, the region’s retail market prevailed as retailers transformed their operating models to match consumer demand, while also benefiting from less regulation and positive net migration trends.
- With increased investment sales activity, steady rent growth and foot traffic returning to pre-pandemic levels for most retail categories, all indicators point toward continued strength and growth for Tampa Bay’s retail real estate market.