Wednesday, April 30, 2008

Colliers Arnold Tampa Bay First Quarter Industrial & Flex Market Report Shows Overall Vacancy Rate of 6.2%

TAMPA, FL--Colliers Arnold Tampa Bay has issued its first quarter 2008 industrial and flex market report.

For a detailed copy of the four-page report, please contact Russ Sampson, Executive Vice President and Director of Brokerage Services (top right photo) or Karen Temmen, Research Director, at the phone, e-mail and address at the bottom of this release).

A quick re-cap summary shows the following information for the Tampa Bay Industrial & Flex Market:

Q1 2008 Overall Vacancy Rate: 6.2%
Q1 2008 Direct Vacancy Rate: 5.8%
Warehouse Average Direct Asking Rate: $5.82 p.s.f. NNN
Flex bldg. Average Direct Asking Rate: $10.10 p.s.f. NNN
Q1 2008 Indus. & Flex Under Construction: 1,824,106 s.f.
Q1 2008 Indus & Flex New Completions: 1,219,627 s.f.
Total Inventory of Indust & Flex space: 94,271,643 s.f.


CONTACT:

Karen Temmen
Research Director
Colliers Arnold - Commercial Real Estate Services
311 Park Place Blvd., Suite 600
Clearwater, FL 33759
Phone: 727/442-7184

Fax: 727/449-2428

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