Industrial Sales - Spring 2005

The allure of I-75 for many businesses is the ability to attract employees from North Port to Tampa.  That fact alone has increased demand for industrial land and pushed land sales to $10-$12 per square foot.  Availability of land is still an issue.  Demand for US 301 corridor industrial lots has lagged behind the I-75 corridor, but lot prices are rapidly catching up as availability diminishes.  Industrial building prices have increased to $70-$100 per square foot.