Cushman & Wakefield. Up 2.8% over the year. Listings, not signed leases.
Greater Tampa Bay
Commercial real estate across Greater Tampa Bay.
Greater Tampa Bay is the wider market around the towns I work. Retail asking rent averaged $27.89 a foot in the third quarter of 2026, up 2.8% over the year. Industrial vacancy was 8.3%, and Pasco and Hernando together were at 18.4%.
My read. Tampa Bay industrial vacancy is 8.3%, and Pasco and Hernando together are at 18.4%, so the soft space is out here on the edge. Not an appraisal.
Get a free BOVRun the owner scorecard
Market at a glance
The figures I can source.
Cushman & Wakefield via TenantBase. Listings, not signed leases.
Ironmark, Tampa Bay, Q3 2026. Pasco and Hernando together were 18.4%.
Ironmark, typical Tampa Bay industrial sale over the past year.
Ironmark, Q3 2026. Half of the sales fell between 5.0% and 6.7%.
Recent sales
What sold, and for what.
No address-level sale table for the region in this pull. The Pasco town pages carry the qualified sales.
What's being built
By corridor.
Pasco County
East Pasco sales, vacancy, and the town pages
Retail vacancy 5.1%. Industrial vacancy 20.0% in Pasco.
Hernando County
SR 50, Ridge Manor, Brooksville, and Spring Hill
Restaurant plans on Cortez Boulevard and the Kettering Road distribution cases.
Listings
My listings in the region
Two are in Dade City. Two are on Cortez Boulevard in Ridge Manor.
13815 21st Street, Dade City1.05-acre commercial site with a paved outdoor display area and frontage on County Road 52.
Townsend Road at Old Lakeland Highway, Dade CityCommercial land. Advertised acreage 3.79 acres.
34480 Cortez Boulevard, Ridge ManorCommercial storefront, 4,769 SF base building area, about 1.50 acres. Asking $800,000.
34498 Cortez Boulevard (SR 50), Ridge ManorFreestanding professional building, 6,528 SF enclosed, about 0.80 acres. Asking $750,000.By property type
My read.
My read is a broker opinion based on public records and the sources listed on this page. It is not an appraisal and not a guarantee of value or results. Figures are approximate; verify them before you rely on them.
Retail
Tampa Bay retail asking rent rose 2.8% over the year to $27.89 a foot. Pasco asked $24.93 a foot and was 5.1% vacant. Florida single-tenant retail sold at a 5.87% median cap rate in the third quarter of 2026, with half the sales between 5.0% and 6.7%. Asking rents are listings, not signed leases.
Office and medical
Tampa office averaged a 7.0% cap rate in the first quarter of 2026. The small-office sales I can cite are in Zephyrhills and San Antonio, at $225 to $317 a foot, on those town pages.
Industrial and flex
Tampa Bay industrial sold at a typical $165 a foot and a 7.6% cap rate over the past year. Vacancy was 8.3% for the region and 18.4% for Pasco and Hernando together. That $165 figure is a regional typical price. East Pasco sales in this pull also include 11741 Uradco Place at $220 a foot.
Land
The land range I can cite is East Pasco, not a Tampa sale: $115,385 to $1,107,955 an acre in Dade City, Zephyrhills, and San Antonio. The town pages have the parcel cards.
Next step
Three ways to use this.
A broker opinion of value is not an appraisal and is not a guarantee of price.
East Pasco Owner's Report, Fall 2026
Common questions about Tampa Bay
What is Tampa Bay retail asking rent?
Cushman & Wakefield reports an average asking rent of $27.89 a foot in the third quarter of 2026, up 2.8% over the year. Pasco asked $24.93 a foot. Those are listings, not signed leases.
What is Tampa Bay industrial vacancy?
8.3% in the third quarter of 2026, per Ironmark. Industrial sold at a typical $165 a foot and a 7.6% cap rate over the past year. Pasco and Hernando together were at 18.4%.
What cap rate are single-tenant retail sales showing in Florida?
A 5.87% median cap rate in the third quarter of 2026, with half the sales between 5.0% and 6.7%, per Ironmark.
Which Tampa Bay counties are growing fastest?
From April 2020 to July 1, 2025, Census estimates show Polk up 20.7% and Pasco up 20.0%, then Hernando up 14.0% and Hillsborough up 7.8%. Pinellas declined 1.1%.
Where should I go for East Pasco or Hernando detail?
The Pasco County page has the vacancy, the rents, and the qualified sales. The Hernando County page has SR 50, Ridge Manor, Brooksville, and Spring Hill.
By the numbers
Population growth by county.
| County | 2020 Census | July 1, 2025 est. | Change |
|---|---|---|---|
| Hillsborough | 1,459,762 | 1,574,115 | +7.8% |
| Pinellas | 959,107 | 948,563 | −1.1% |
| Pasco | 561,891 | 674,516 | +20.0% |
| Polk | 725,046 | 874,790 | +20.7% |
| Hernando | 194,515 | 221,701 | +14.0% |
| Florida | 21,538,187 | 23,462,518 | +8.9% |
Source: U.S. Census Bureau QuickFacts, Vintage 2025. Pulled October 2, 2026.
Knowledge Catalog
Guides that go with this market.
East Pasco Growth by the Numbers: Census and BEBR Population Data
Cap Rate: What It Tells You and What It Doesn't
Broker Opinion of Value (BOV): What It Is and When You Need an Appraisal
Sell, Hold, Lease, or Reposition? Deciding What a Commercial Property Should Do Next
Nearby markets
Pasco CountyCounty vacancy, rents, and the town pages.Hernando CountyRidge Manor, SR 50 and Cortez Boulevard, Brooksville, and Spring Hill.
Dade CityPasco County seat. US 301, downtown, and County Road 52.
Wesley ChapelSR 54 and SR 56 demand next door to East Pasco.Where this comes from
- Cushman & Wakefield, Tampa Bay Retail MarketBeat, Q3 2026
- TenantBase, Tampa Q3 2026
- Ironmark, Tampa Industrial Market Report, published November 1, 2026
- Ironmark, Florida net lease market report, published November 1, 2026
- Bounat, Tampa office market report, Q1 2026
- U.S. Census Bureau, QuickFacts: five counties and Florida
Updated November 2, 2026. Sales figures were pulled in October 2026, through October 23, 2026.