Tampa Bay industrial real estate going strong
Tampa Bay Business Journal - 1:50 PM EST Wednesday, February 7, 2007

Despite the current real estate slump, Tampa ranked fourth in the nation in strength of its industrial real estate market, a new report by Colliers International said.

Although rents and construction didn't increase as much as anticipated, the local industrial real estate market was marked by steady demand in the fourth quarter of 2006, the report said.


Just a handful of markets are forecasting demand to drop during the first quarter, with the vast majority anticipating leasing markets to remain robust, the report says.

"Vacancy levels are unlikely to retreat, and have largely hit bottom for this cycle, but we don't expect a major increase anytime soon," said Ross Moore, senior vice president and director of market and economic research at Colliers, in a release. "That said, for both investors and tenants, market fundamentals look promising into the foreseeable future."

Here are the top 10 industrial warehouse markets and percentages of increase in rents from December 2005 to December 2006:

1. West Palm Beach, 20.7 percent

2. Oakland, Calif., 19.4 percent

3. Boise, Idaho, 19.4 percent

4. Tampa, 16.9 percent

5. Orange County, Calif., 16.7 percent

6. Reno, Nev., 16.6 percent

7. Houston, Texas, 15.9 percent

8. Seattle, Wash., 13.6 percent

9. Denver, Colo., 13.3 percent

10. Raleigh, N.C., 13.3 percent

Source: REALTOR® Magazine Online


http://tampabay.bizjournals.com/tampabay/stories/2007/02/05/daily30.html?page=1

The I-75 corridor is going to benefit the most from these stats. The potential from I-4 north to the Pasco County line is mind boggling

This is just more proof that the Tampa-St Pete area is growing crazzy mad..
Thx for the info..

This is another reason why I am leaving Charlotte,NC and moving back to Tampa.. Can't frickin wait..:banana:

ew Charlotte...

They have a nice skyline.

That is true.

The I-75 corridor is going to benefit the most from these stats. The potential from I-4 north to the Pasco County line is mind boggling



I don't think Pasco has any potential for industry, you probably mean Polk. I think the industries will countinue to stay closer to the inner city along I-4 and not I-75.

I think that some folks are underestimating just how much growth is coming to the eastern/southeastern side of the metro in the coming years.

I think that some folks are underestimating just how much growth is coming to the eastern/southeastern side of the metro in the coming years.

So True Jason:) , my friend, my 25 year old daughter and her husband just moved in Brandon off rt 60 and Providence road near the new huge westfield Mall, did I miss the name, its where the new SunPass Only crosstown exprway starts at U.S. 301, lol. They lived in from broward county for the past 5 years.:cheers:

Tampa Bay Shipbuilding gets orders for barges
Tampa Bay Business Journal - 1:13 PM EST Wednesday, March 7, 2007

Overseas Shipholding Group Inc., the company that bought Maritrans Inc., said it will build three articulated tug barges, each with a construction value of about $90 million.

The barges will be constructed at Tampa Bay Shipbuilding & Repair Co., while the tug boats will be constructed at Bender Shipbuilding & Repair Co. in Mobile, Ala., according to a release from Overseas Shipholding.


Tampa Bay Shipbuilding, which is an affiliate of Bender and located at the Port of Tampa, previously handled projects for Tampa-based Maritrans, which was sold in November for $455 million. A call to Tampa Bay Shipbuilding for additional details was pending.

The barges will have a carrying capacity of about 290,000 barrels. Each barge will be connected to a 12,000 horsepower tug boat and will be capable of carrying refined petroleum products as well as crude oil within the U.S. Jones Act market, the release said.

The units are scheduled to be delivered from late 2009 through late 2010.

Overseas Shipholding (NYSE: OSG), based in New York, is one of the largest publicly traded tanker companies in the world and a market leader in global energy transportation services for crude oil and petroleum products.

http://tampabay.bizjournals.com/tampabay/stories/2007/03/05/daily29.html?surround=lfn

Talk about a tall order... wow. It's good to see the port continue to flourish and win massive projects like this in spite of the recent forfeit of space for the Channel District expansion. Does anyone know how much land the Port Authority controls between Ybor Channel and Gibstonton/Pendella Point?