In the state of Florida, the metropolitan of Tampa-St. Petersburg-Clearwater is the leader in job growth.
The region beat out 22 regions of Florida for adding over 38,000 jobs in December 2015, which was a 3.1% increase from the previous year (Tampa Bay Business Journal).
Florida, as a whole, experienced a 5% decrease in employment rate in December 2015 due to added jobs in seasonally adjusted non-agricultural jobs and noticeable gains in the professional and business services sector, reported Governor Rick Scott.
Investing in Tampa Rental Properties
Tampa’s reported job growth signals a strong economy for the region and great opportunity for real estate investors. An increase in employment means there will be a larger pool of renters seeking housing, which increases demand for rental properties. This demand will drive increased return on investment for real estate investors as rent increases.
If you are interested in learning more about investing in Tampa rental properties, download our Tampa Market Report to see why you should invest in this growing Florida market.