Tampa MSA is the second biggest metropolitan area in Florida state, with a population exceeding 2,790,000 and inclusive of Pinellas, Hernando, Pasco and Hillsborough counties. It is the sixth biggest metro territory in the south and the 19th biggest in the country. It is no wonder that Tampa Bay real estate attracts much demand from both domestic and international buyers.
The Tampa Bay area has achieved the distinction of being the recipient of Southern Business & Development award as the “Mega Market of the Year”. A number of international corporations are headquartered here, including Tropicana Products, Ferman Automotive Group, Raymond James Financial, Rooms to Go, Outback Steakhouse, Carlton Fields, Brown and Brown, TECO Energy, Darden Restaurants, SRI/Surgical Express, Sykes Enterprises, Amscot, BIC, JABIL, Syniverse Technologies, Checkers, Catalina Marketing and SweetBay.
The Westshore Business District is Tampa Bay's economic hub. A prime piece of Tampa Bay real estate, Westshore is situated within city limits and has almost 16 million square foot of prime office space. A large number of upscale shopping areas, first class hotels, more than adequate meeting spaces, residential zones and entertainment areas are located in the vicinity. This Tampa Bay real estate chunk is located at the geographic center of the rapidly increasing Clearwater/Tampa/St. Petersburg market, making resources of the total market conveniently accessible. The Tampa International Airport is also situated adjacent to Westshore.
Better quality of life
Residents enjoy a higher quality of life compared to their counterparts in other parts of the US. The weather is delightfully warm and promotes a substantial range of recreational and cultural activities at The Museum of Science and Industry, Performing Arts Center, The Salvador Dali Museum and The Tampa Museum of Art. The Florida Aquarium, Ybor City, Busch Gardens and Lowery Park Zoo are other cultural and recreational spaces frequented by residents.
The Tampa area is also home to many sports teams. The Raymond James Stadium is home to Tampa Bay Buccaneers, and has previously hosted Super Bowls. The region is home to Tampa Bay Rays baseball team, Tampa Bay Storm arena football, and the Tampa Bay Lightning hockey team. It is also the winter home of New York Yankees, Toronto Blue Jays and Philadelphia Phillies.
About 7 million visitors flock to the Tampa Bay region every year. They contribute more than $20 billion in revenue and continue to maintain tourism as the region's top industry. Tampa Bay is known for its excellent beaches and quick connectivity to Universal Studios and Disney World.
According to the US Conference of Mayors study, the economy of the Tampa Bay area is ranked among the 20 quickest growing metros in America and is expected to remain so in the near future. Growth rate is pegged at 3.2% and the city was ranked 16th among 363 metros included in the study, making Tampa bay real estate an excellent investment choice.