Tampa Bay emerges as one of nation’s hottest industrial markets

Warehouses lack the glamour of luxury homes, but they are helping make the Tampa Bay area one of the nation’s hottest emerging industrial markets. The bay area vaulted from No. 28 to No. 10 last year in net leasing of distribution and light industrial space, according to a new report by Colliers International. Overall vacancy rates dropped to 6.3 percent…

City block frozen in time could soon be ripe for development

A key block on Central Avenue with two vacant, deteriorating buildings that have long been a blockade to progress may finally have a future as a prime development site. A lucrative 99-year lease that doesn’t expire until 2058 between the property owners and a real estate investment trust has given the owners little incentive to sell. They stand to collect…