Tampa Bay has experienced some of the highest growth of any city since the pandemic has begun. Tampa was ranked 5th in the nation, with a total net migration of nearly 41,800 new residents since 2020. With an expanding city comes lots of new real estate development and opportunities.
What’s New?
According to an article by Zillow, Tampa Bays’ residential real estate is expected to be the hottest market for the second year in a row. A few of the reasons for the growth are low mortgage interest rates, pandemic migration, and shifting demographics of aging millennials and retiring boomers.
Tampa Bay is on its way to becoming one of the highest cost of living regions in Florida, with the residential real estate market booming.
Exciting Projects Transforming Tampa Bay
Kettler and Investor Darryl Shaw, arguably the largest investor in Tampa, is in the design phase of a 50-acre mixed-use development estimated to be worth over $2 billion. The Gas Worx development is expected to be completed in 2025.
J Square Developers is working on a mixed-use development with retail, office, and multifamily space. The project has been labeled Orange Station at the edge.
DDA Development is in the design phase of a 31 story multi family luxury condo project called The Nolen.
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