Strong demographics and job growth are fueling investment, residential development throughout the metro area.
The Tampa/St. Petersburg/Clearwater market continues to track as one of the best in the country both for over economic opportunity and investment and homebuilding prospects, according to an annual presentation by the Urban Land Institute that features a survey by consulting giant PriceWaterhouseCoopers (PwC). “Economic growth is the engine that drives real estate,” PwC Partner Mitch Roschelle and head of the consultant’s national real estate advisory practice told the ULI gathering. “When the economy is strong then demand is strong, investment is strong and the supply of capital is strong.”
Here are Feldman Equities’ the top three takeaways:
- The Tampa/St Petersburg region continues to outpace most of Florida and numerous other areas around the country.
- Tampa Bay leads the state in high-income job growth fueled by a rise in finance and professional and business services employment.
- Tampa Bay ranks as the eighth most popular city for in-migration nationwide with many relocations occurring from as nearby as Orlando and as far away as New York.
“Volatility in global financial markets, coupled with global geopolitical instability continues to drive investors towards US real estate. The asset class remains desirable as investors seek predictable cash flows from tangible investments.” PwC Partner and Business Development Leader
Read the full story in the Business Observer
Tampa continues to surge in national survey | Business Observer | Business Observer
The Tampa/St. Petersburg market continues to track as one of the best in the country both for over economic opportunity and investment and homebuilding prospects, according to an annual presentation by the Urban Land Institute that features a survey by consulting giant PriceWaterhouseCoopers (PwC). Tampa/St.