Real Estate Investment in Tampa, FL

Why Invest in Tampa Real Estate?

The recent success of the Tampa Bay Lightning improved real estate in the area thanks to a generous owner. With the help of Lightning owner Jeff Vinik and Bill Gates’ Cascade Investment, L.L.C., a new $3 billion dollar development is being planned, bringing significant growth to the downtown area. Opening in 2019, the USF Health Morsani College of Medicine and Heart Institute will grow biotechnology, biomedical and pharmaceutical firms around it. Having this research institute will help Tampa improve the individual quality of life in the area.

Florida’s largest port, also ranked as one of the best cities for the outdoors, is a popular attraction for younger families or those who are retired. The cost of living in Tampa is 3% lower than the national average and home to 5 Fortune 500 companies. The recent expansion of the Panama Canal, Tampa is going to experience a ripple effect stronger than before. More ships are going to dock in the port for trade and military supplies. In return, Tampa’s expected to add significant rental demand for short-term employees in the area.

 

Market Highlights

Soe of the larger and most popular cities in the state include:

  • Largest port in Florida
  • Ranked #1 for nation’s healthiest housing markets in 2017 (CNBC)
  • Tampa ranks 5th for ROI in a single family home – (Biggerpockets)
  • The Panama Canal Expansion will bring significant economic growth
  • 8th fastest growing metro in the U.S. – (Forbes)
  • 3% lower cost of living in Tampa than national average
  • 3rd best city to find a job – (Wallethub)
  • Home to 5 Fortune 500 companies
  • 45% of Tampa’s housing market is renter-occupied
  • Ranked 2nd among top U.S. cities for real estate investment
  • Master Plan for Tampa’s Center City- government plan to finish improving downtown Tampa
  • Tampa is ranked one of the best outdoor cities – (Forbes)

West Tampa

With the presence of Tampa’s sports teams in the west, this area is great due to the complacency of the stadiums. The best beaches in Tampa are in the west, such as Clearwater or Fore De Soto. However, the biggest thing to keep in mind is the expansion of the Panama Canal. Look to the west for future investment because of the expansion of the Panama Canal that will increase trade in the area and attract those enlisted in the military to the coastline.

  • Tampa International Airport- 8.8 miles from downtown
  • Raymond James Stadium- NFL Tampa Bay Buccaneers
  • Tampa’s Lowry Park Zoo
  • The Panama Canal Expansion will bring significant economic growth
  • Water Works Park (Forbes)
  • David A. Straz Jr. Center for Performing Arts
  • Tropicana Field- Tampa Bay Rays’ baseball field (St. Petersburg)
  • University of Tampa
  • Derby Lane St. Petersburg- greyhound racing 9 miles north of Tropicana Field
  • The Dali Museum- glass paneled art building next to Tropicana Field
  • Clearwater Beach- #1 ranked beach in Tampa
  • Fort De Soto Beach- beach camping south of St. Petersburg

East Tampa

Known for authentic Cuban food, nightlife and entertainment, east Tampa is home to the highly reputable Ybor City. The area has concerts, an aquarium and a sports arena. With plenty of activities to do, east Tampa is not only a great place for schools but also a hot spot for young professionals.

  • Busch Gardens Tampa Bay- African themed zoo & amusement park
  • Raymond James Stadium- NFL Tampa Bay Buccaneers
  • Tampa’s Lowry Park Zoo
  • University of South Florida- research university
  • Soon to be home to the USF Health Morsani College of Medicine and Heart Institute (2019)- $152.6 million dollar building and $3 billion dollar development.
  • University Mall- shopping, movies, restaurants
  • Adventure Island- outdoor water theme park
  • The Florida Aquarium- 20,000+ animals and plants
  • Florida State Fairgrounds
  • Amalie Arena- downtown indoor sports arena for hockey, basketball
  • MIDFLORDIA Credit Union Amphitheater- largest concert only facility in Tampa
  • Seminole Hard Rock Hotel & Casino Tampa

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Getting Started in Real Estate Investing?  HomeUnion® Can Help

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