Tampa Bay industrial insight - Q2 2018

Polk County was again the largest contributor to absorption for the quarter, with Medline Distribution and West Logistics move-ins at the newly delivered Medline Distribution Center in Auburndale as main drivers. Where the first quarter was made up of a fewer large transactions, absorption for the second quarter was largely made up of small or moderate move-ins/outs. With over 3.0 million square feet of the currently under-construction product scheduled to deliver before the end of the year, large transactions could again be the trend over the next six months.

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