Story: Tampa Bay Multi-Family Market Shows No Signs of Slowing

From the Florida Business Observer staff on Friday, July 26, 2019:

Chatter of a looming slowdown the multifamily market has been, well, looming for quite a while. But the Tampa Bay area, again, shows little sign of joining that club. The latest evidence: The region — Hillsborough, Pinellas, Hernando and Pasco counties — set a sales record for multifamily properties in the first half of 2019, according to a CoStar Market Analytics report. The report cites strong job growth and higher returns than other parts of the state as key factors in the surge. Tampa Bay's job growth, for one, is 2.2% annually, which ranks it No. 13 among the nation's 50 largest metropolitan areas.

Image courtesy of the Florida Business Observer.

Image courtesy of the Florida Business Observer.

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Nico Hohman