Hillsborough County
The heart of the Tampa Bay economy, Hillsborough County serves as a pivotal logistics and employment hub along Florida's Gulf Coast, bridging the I-4 corridor's industrial demand with a dense, urbanizing core.
Market coverage
Tampa Bay commercial real estate
Our Florida practice runs from Harbour Island across the I-4 corridor: investment sales, sale-leaseback and net lease for buyers relocating Midwest capital into the Southeast. Deliberately narrow coverage — eight market pages, each with something real to say.
Last updated
Florida office
One Harbour Place
777 South Harbour Island Boulevard, Suite 250
Tampa, FL 33602
Market data
Tampa Bay figures
Sourced and dated. Nothing here is estimated.
Tampa Bay industrial market · Q1 2026
Tampa Bay| Metric | Value | Note |
|---|---|---|
| Total vacancy | ≈7.5% | — |
| Availability rate | approaching 10% | Includes space marketed but not yet vacant |
Source: CBRE — Tampa Industrial Figures, Q1 2026 (approximate; figures rounded) · Figures as of
Single-tenant net lease cap rates · Q2 2026
United States| Metric | Value | Note |
|---|---|---|
| Retail | 6.60% | — |
| Industrial | 7.25% | — |
| Office | 7.90% | — |
| Blended — C3 computed | 6.82% | Unweighted average of the three published sector rates; not a Boulder Group published figure |
Source: The Boulder Group — Net Lease Market Report, Q2 2026 · Figures as of
Counties
County markets
Pinellas County
Pinellas County is a dense, high-barrier-to-entry market characterized by its unique peninsula geography, high-intensity infill development and specialized medical-office and tourism-adjacent commercial assets.
Cities and submarkets
Where we transact
- Tampa
Hillsborough County
As the corporate and cultural center of the region, Tampa acts as the administrative heart for Hillsborough County, driving demand for Class A office, urban infill and specialized professional services.
- Westshore
Hillsborough County
The preeminent corporate office district of the Tampa Bay area, Westshore is characterized by its high-density Class A commercial stock and unparalleled airport and interstate connectivity.
- Ybor City
Hillsborough County
Historic, brick-laden Ybor City offers a vibrant, urban environment perfect for adaptive reuse, creative office projects and experiential retail.
- Port Tampa Bay
Hillsborough County
The critical logistics nexus of the region, Port Tampa Bay provides essential deep-water shipping and rail infrastructure for industrial occupiers.
- Downtown Tampa
Hillsborough County
Downtown Tampa's central business district and the Water Street Tampa district anchor the city's highest-density office, hospitality and ground-floor retail stock, with Harbour Island and the Channel District extending the core across the river and rail line.
- Brandon
Hillsborough County
Brandon serves as a major suburban growth center, offering a diverse, high-volume retail and medical office landscape for the eastern Hillsborough region.
- St. Petersburg
Pinellas County
As the cultural and economic anchor of Pinellas County, St. Petersburg offers a vibrant urban core and high-intensity retail and professional services sector.
- Clearwater
Pinellas County
Clearwater pairs a small, slowly reactivating downtown along the Cleveland Street corridor with a tourism-driven hospitality and retail economy on Clearwater Beach and heavy arterial retail along US-19 and Gulf-to-Bay Boulevard.