Tampa Bay’s industrial market absorbed over 1 million square feet in Q4 2025 alone, and asking rents are holding near all-time highs at roughly $9.50 per square foot NNN. Whether you own a distribution center in East Tampa, a flex warehouse along the I-75 corridor, or vacant industrial land in Pasco County, the decisions you make right now will determine whether you capture that momentum or watch it pass.
TAMBAY Commercial provides full-service industrial brokerage across Hillsborough, Pinellas, and Pasco counties. Led by Tom Brubaker, a state-certified appraiser with over 35 years of hands-on experience, we bring certified valuation methodology to every industrial transaction. That means your pricing, lease terms, and investment analysis are built on real numbers, not estimates pulled from a listing platform.
Flex and Light Industrial Flex properties that combine office, showroom, and warehouse functions are among the most versatile assets in the Tampa Bay industrial market. These buildings typically range from 5,000 to 30,000 square feet and attract service companies, specialty contractors, and small manufacturers who need operational space close to their customer base.
Warehouses and Distribution Facilities Tampa Bay’s warehouse segment has recorded five consecutive years of leasing volume above 10 million square feet. Demand from e-commerce fulfillment, third-party logistics operators, and regional distribution networks continues to drive activity along the I-4 and I-75 corridors. For a detailed look at how we handle warehouse transactions, visit our warehouse sales in Tampa Bay page.
Manufacturing Facilities
Production-oriented buildings with specialized infrastructure like heavy power capacity, crane systems, reinforced flooring, and environmental controls require precise valuation. Generic comps rarely apply. Our certified appraisal methodology accounts for the functional utility and remaining economic life of these specialized improvements.
Cold Storage and Temperature-Controlled
Tampa Bay’s proximity to Port Tampa Bay and the growing pharmaceutical manufacturing cluster has driven steady demand for cold storage and climate-controlled industrial space. These assets command premium rents but carry higher operating costs that must be factored into any accurate valuation.
Industrial Outdoor Storage (IOS) One of the fastest-growing industrial asset classes nationally, IOS properties serve equipment yards, vehicle storage, and construction staging operations. Zoning and entitlement complexity makes accurate site analysis essential before any acquisition or disposition.
Pricing an industrial building requires more than pulling recent sales from CoStar. Clear height, column spacing, dock-to-door ratios, truck court depth, fire suppression systems, power capacity, and environmental condition all affect what a buyer will pay. Most brokers estimate. We calculate.
Tom Brubaker’s state-certified appraisal credentials mean your listing price is defensible from day one. We market your industrial property across CoStar, LoopNet, and Crexi while simultaneously reaching our network of private investors, 1031 exchange buyers, and institutional funds actively acquiring Tampa Bay industrial assets. Owners preparing to sell should also consider our seller representation services for a complete overview of our transaction process.
Before listing, every industrial seller receives a complimentary broker opinion of value. This positions you to negotiate from a position of strength rather than reacting to lowball offers from buyers who have done their own homework. Explore our broker opinion of value process to understand what that analysis includes.
Tampa Bay’s overall industrial vacancy ended Q4 2025 at approximately 6.9%, but that headline number masks a sharp divide. Modern Class A facilities delivered in the last decade are outperforming with strong positive absorption, while older buildings constructed before 2016 have lost over 1.5 million square feet of occupancy as tenants migrate to newer product.
For landlords: if you own older industrial space, the Kinfield development in Pasco County is about to deliver 3 million square feet of new Class A inventory to the market. That means increased competition for your tenants. We help landlords evaluate whether a capital improvement strategy can reposition an aging asset, or whether a sale before the new supply wave is the smarter exit. Our landlord representation team handles every step of that process.
For tenants: the current environment presents real negotiating leverage, particularly in older product and submarkets outside the core I-75 corridor. Small-bay industrial space under 20,000 square feet remains critically tight at roughly 3.2% vacancy, so if that is your target size range, you need an advocate who understands which landlords are flexible and where off-market opportunities exist. Our tenant representation services ensure you are not negotiating against a landlord’s broker without your own expert at the table.
Cap rates for institutional-quality Tampa Bay industrial assets have compressed significantly over the past five years, while older assets in secondary locations trade at materially wider spreads. Applying a blanket cap rate across all industrial property types is one of the most common pricing errors we see.
Our commercial property valuation page details the full appraisal process. For owners who need a faster preliminary number, our broker opinion of value delivers a defensible assessment in 3 to 5 business days.
The Kinfield Supply Wave Hines’ 785-acre Kinfield development at I-75 and SR-52 is bringing 3 million square feet of Class A industrial space to Pasco County. Owners of 1980s and 1990s vintage buildings in the surrounding area should evaluate their competitive positioning now, before the new inventory delivers.
Rent Growth Near Record Levels Industrial asking rents reached approximately $9.50 per square foot NNN in Q4 2025, a 7.4% year-over-year increase. Small-bay infill locations command even higher premiums, with some exceeding $14 per square foot.
The Class A vs. Class B Divide Modern facilities with 32-foot-plus clear heights and ESFR fire suppression continue to absorb well. Older inventory with lower clears and limited dock access is seeing rising vacancy. This creates opportunities for investors willing to acquire underperforming assets at a discount and reposition them.
Insurance Cost Pressure Florida commercial property insurance costs have increased 40 to 60 percent since 2020. These costs pass through to tenants as NNN expenses, making accurate operating expense projections critical for any industrial valuation or lease negotiation.
With over 35 years of experience, TAMBAY Commercial brings a unique edge: every decision is guided by a state-certified appraiser's perspective. Our founder, Tom Brubaker, has served as President of FGCAR and is trusted across the industry for valuation accuracy and negotiation strength. We don't just list properties. We back every recommendation with certified numbers, market comparables, and decades of local insight. Our clients benefit from listings on the most powerful platforms, including CoStar, LoopNet, CREXI, and MLS, along with an established network that opens doors beyond the market. When you work with TAMBAY, you gain a partner committed to clarity, integrity, and measurable results.
Kristin Phillips is an M&A advisor with a disciplined, apprenticeship-driven background that sets her apart in an industry where many learn through costly trial and error. Rather than entering the field untrained, Kristin spent five years as an understudy to Tom Brubaker (an appraiser and broker with more than 35 years of experience), gaining hands-on expertise across mergers and acquisitions and commercial real estate before advising clients independently. Her path into M&A is rooted in entrepreneurship; she previously founded and operated a startup compounding pharmacy, giving her firsthand insight into the realities, risks, and rewards of business ownership. That combination of entrepreneurial experience and rigorous mentorship allows Kristin to approach every transaction with precision, prudence, and a deep respect for the complexity of buying and selling businesses.
At TAMBAY Commercial, we don’t just broker warehouse sales in Tampa Bay. We share the intelligence behind them. Our Insights cover industrial market trends, valuation methodologies, and logistics shifts shaping the region. Each article is written from an appraiser’s perspective, providing data-driven context you won’t find in standard brokerage content. Whether you’re tracking Kinfield’s impact on Class B inventory, evaluating Port of Tampa proximity, or understanding how e-commerce is reshaping distribution demand, our content equips you to make informed decisions. commercial landscape. Each article is written from an appraiser’s perspective, giving you a rare combination of data and context you won’t find in standard brokerage blogs. Whether you’re preparing to buy, sell, lease, or simply want to understand market shifts, our content equips you to act with confidence.
Tom’s industry experience and expertise is unsurpassed. With over 30 years experience, he is experienced in all facets of business acquisitions, commercial real estate and market trends. He brings his A-game to the negotiation table and guides you throughout the entire process. If you are looking to buy a new business or sell an existing one, I highly recommend TAMBAY!
I have known Tom and his organization for years. We have worked together on multiple occasions, and everything he does is professional, timely and gets things closed. I would definitely recommend him to anyone looking for a business broker in Florida.
Our buy-side firm has worked on three deals with TAMBAY. Tom and Kristin were a delight to work with each time. Tom brings years of knowledge and experience, but you still get the care and attention you can only get by working with a local team with deep roots in Tampa Bay.
