Hometown Trends: Tampa, FL

Managing Real Estate Broker with SI Real Estate Tampa

Welcome to Tampa, Florida! Home of the Buccaneers, the Lightning, the Rays and Florida’s powerhouse of business and economic development.

Lifetime locals and newcomers alike, have been the beneficiaries of Tampa’s expansive business, entertainment and real estate advancements. Making the list yet again, Tampa ranks #8 on Forbes’ list of Fastest-Growing American Cities.

A major player in Tampa’s growth over the past couple of years has been the ever-expanding Tampa International Airport. Not only has this project enhanced the Tampa traveler experience, but it has also created thousands of local jobs, contributing to Forbes’ 2.43% projected job growth for the Tampa Bay area in 2017. The construction of new terminals and shops combined with the employees to be hired for these new facilities makes for the perfect employment boost!

Moving towards downtown Tampa, the Riverwalk District and Riverwalk Tower is ready to impress! This 52-story office and luxury residential building will be the tallest building in Tampa and the tallest building on the West Coast of Florida. Resting on the edge of the Tampa Riverwalk, Riverwalk Tower is the perfect place for work and play! With Forbes’ predicted wage growth of 7.6% in 2017, this luxury skyscraper is sure to catch the eyes of aspiring downtown Tampa residents and greatly add to our urban core.

Among hustle and bustle of the metropolitan area, it’s no surprise that the suburbs are expected to grow as well. New home construction, new communities and eager sellers are adding new homes to the market for buyers of all kinds. Some are first time buyers, searching for a steal before the interest rates increase. Others, view the prospect of homeownership as a reliable investment to build upon their assets rather than gamble with risky stocks.  Regardless, there is good news for sellers and buyers that will see projected home prices grow just over 7% this year! Seller and buyers alike will derive real estate benefits from this growth – whether you receive top dollar for your listing, or buy a home that’s quickly appreciating, 2017 has your back!

What is your most anticipated development around Tampa Bay for 2017?

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