South Pinellas

Tampa - FL USA - Industrial Submarket

Industrial real estate intelligence for the South Pinellas submarket. 59.5M SF of inventory with 6.5% vacancy. Data sourced from various MLS platforms.

59.5MSF

Inventory

5.0MSF

Available

6.5%

Vacancy

8.3%

Availability Rate

$13.60

Asking Rent

1.6%

Rent Growth

-149,390SF

12mo Absorption

340KSF

Under Construction

Market Metrics

12mo Delivered

490K SF

Under Constr % of Inv

0.6%%

Sale Price/SF

$152

Cap Rate

8.0%%

12mo Sales Volume

$342,356,572

Sales Vol Growth

-7.6%

Asset Value

$9,096,356,551

Net Absorption

-149,390 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
Peraton	$46.3M	195,965	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
3199 Pilot Knob Rd	$10.0M	248,482	Swervo Development Corporation
Fort Worth Data Center/DFW1	-	133,298	CSquare
4202 Fidelity St	-	425,720	Industrial Realty Group, LLC
xAI - Colossus 2 Datacenter	$72.9M	1,007,838	X Holding Corp.

Available DC Space in Market

Property	Avail SF	Rent	Owner
CityPlex Towers 20, 30, & 60	350,444	$14.00 - 19.00	Oral Roberts University
Omnis Data Center	15,070	$21.00	Omnis Network, LLC
Agave Business Center	4,053	$16.50	Camco Investment Group
928 Huston St	17,985	$18.60	Action Investment Group, Inc.
938 Huston St	16,970	$18.60	Action Investment Group, Inc.

Data Centre Development Potential

Moderate vacancy (6.5%) in South Pinellas suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 340K SF indicates developer confidence in the submarket. Negative absorption of 149K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.