Retail Vacancy Continues to Rise in Tampa, FL
The retail vacancy rate in Tampa Bay shopping centers has grown to 10.5 percent or enough empty space to fill International Plaza about 10 times.
Yet while retail rents continue declining to an average of about $15 a square foot, down from $16.53 last summer, industry experts think Florida’s retail space glut has peaked, consumer spending is beginning to come back and rents are stabilizing.
Click here for entire story from the St Pete Times….
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