As a top 10 city in the United States for population growth, Tampa has established itself as one of the top cities (along with Miami and Orlando) in Florida for job growth. Tampa’s vibrant downtown and preferable climate make it a desirable location for many businesses to relocate. Tampa has the #1 cargo port in Florida, which is a major driver for their industrial market. Tampa is the west end point for Interstate 4 and the major highway for Central Florida (connecting Tampa and Orlando). This corridor is fast becoming a major e-commerce hub in the state. The overall industrial market has over 136 million square feet, with the majority based in either the Airport/Westside submarket or the Eastside/Interstate 75 submarket.
EastGroup owns over four million square feet in Tampa, making it EastGroup’s second largest market in the country. All of our properties are located in the two major submarkets, and our in-fill locations provide our customers close proximity to their end users. Two other prominent drivers outside of the port business in Tampa relate to residential construction and e-commerce “last mile” delivery.