Time to Invest in Tampa Bay

This week, we are looking at some of the criteria to consider before investing in a particular market.  Specifically, we are going to look at why it is a great time to invest in Tampa Bay.

Earlier this week, we looked at population in the Tampa Bay area and the migration patterns to Hillsborough County where Tampa is located.  We remember that it is important to invest where people want to live.  Today, we are going to look at employment and other factors that help people decide where they want to live.

If there is an "elephant in the room" when it comes to discussing investing in Tampa Bay, employment would be it.  But, employment is too important of a factor to completely ignore. 

For people who are still working, a job and employment can be the determining factor of where they live.  A look at Milken Institute shows us the Tampa Metro improved from the rank of 155 in 2010 to 153 in 2011 of the Best Performing Large Metros.  There was 0.36% growth in employment between June, 2010 and June, 2011.

As an investor, it is important to take into consideration factors other than employment as well.  Most importantly, many people come to the Tampa Bay area when they retire.  For people looking to retire and spend time on the beautiful beaches and golf courses here in the Tampa Bay area, employment is not a factor at all.

Lifestyle is also a factor to consider.  As the trends shift and more people begin working from home, warm weather and the Florida lifestyle entice many people to the Tampa Bay area.  Tampa Bay is also home to MacDill Air Force base and many colleges.  Once an investment property has been purchased for the purposes of buying and holding, a tenant must be found to occupy the home.  All of these factors together make Tampa Bay a great place to purchase investment property to buy, hold, and rent.

After looking at employment and other factors, it is a great time to work with your Tampa Bay Real Estate Investment Specialist and Invest in Tampa Bay!

 Previously -  Time to Invest in Tampa Bay - Why the Local Market is Important

                   Time to Invest in Tampa Bay - A Look at Population

                    Time to Invest in Tampa Bay - A Look at Migration Patterns

  Today -  Time to Invest in Tampa Bay - A Look at Employment & Other Factors

Upcoming -Time to Invest in Tampa Bay - A Great Time to Invest in Tampa Bay!

          Photo Source:  Dollars Floating on Sea at Sunset:StuartMiles/FreeDigitalPhotos.net
Photo Source:  Unemployment and Employment:  xedos4/FreeDigitalPhotos.net
Data Source:  milkeninstitute.org
Photo Source:  Sea Travel:  SalvatoreVuono/FreeDigitalPhotos.net
Photo Source:  Business Icons:  digitalart/FreeDigitalPhotos.net