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Rents are up in Coastal Tampa

AKA: Cigar City, The Big Guava

Population: 2,975,225 • Average days on market: 21 • Average gross yield: 9.2%

# of Building Permits in 2015: 15,653 • Employment Growth to Building Permits Ratio in 2015: 4.4%

 

Drivers: Ranking in the Top 50 on the U.S. News & World Report’s Top 100 Best Places to live, Tampa’s influx of new residents and job creation goes to prove the city’s desirability. It doesn’t hurt that the weather is hard to beat and the city is on the coast of picturesque, white sandy beaches. As a result, the city consistently ranks as a top outdoor city.

 

Leading industries: Tampa metro is a major hub for businesses and tourism in the Southeast. Tampa’s size and location on the Gulf coast contribute to it being influential in the transportation and trade industries, employing over 240,000 people. The Tampa metro area is the 18th largest MSA in the United States and serves as the headquarters to three companies in the Fortune 500.

 

Notable mentions: Tampa is home to the Babe Zaharias Golf Course, purchased in 1949 by the famous ‘Babe” who lived nearby. She was an American athlete who excelled at golf and took home 10 LPGA major championships in the mid 1900’s. It is also host to the Tampa Theater and one of the last remaining skate parks built in the “Golden Era” of skateboarding in the 1970’s, the Bro Bowl.

  • Job Growth
    32,990 new jobs created in 2015
     
  • Population Growth
    57,412 new residents added in 2015
     
  • Vacancy
    8.4%, down from 8.7% in 2015
     

Market Data

 
 
 
 
 
 
All data provided by Census, Bureau of Labor Statistics, RentRange®, Fortune, Wikipedia, WalletHub. Market Data based on 3bd SFR

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