This week on the Top Real Estate Markets for Investors Video Podcast you’ll learn about one of the best U.S. real estate markets to invest in today, Tampa, FL. Your host Rich Fettke, the Co-Founder and Co-CEO of RealWealth, will tell you why we are excited about this market.
Located on the west coast of Florida, Tampa Bay is a densely populated metropolitan area, second only to Miami, with a population of more than four million people. Major cities in this area include St. Petersburg, Largo, Clearwater, New Port Richey, Holiday, and Tampa. Tampa’s local economy is worth about $130 billion and the metro area has been ranked as one of the top 20 fastest growing in the country.
Tampa also has a strong local economy with a strong focus on job growth in areas such as STEM, financial services, and healthcare. The Greater Tampa Bay Area is consistently ranked among the top 20 fastest growing metro areas in the country and with billions of dollars of residential, commercial, and infrastructure investments underway, it is one of the engines of the Florida economy. In 2016 alone, the Metro Tampa Area added 40,000 new jobs to the community giving it the fastest growth in the state and one of the fastest in the country.
More than 19 firms with annual revenues of more than $1 billion are headquartered here and it is home to four Fortune 500 companies. Tampa has a very diverse economy with financial services, STEM, health care, research, education, tourism/retirement, and military bases all making significant contributions to jobs and growth.
In the first quarter of 2017, there were 14 venture capital deals in the Tampa-St. Petersburg-Clearwater metropolitan area; this made Tampa the 24th most active metropolitan area for venture deals in the first three months of the year, according to the PitchBook-NVCA Venture Monitor. These deals totaled $54.56 million.
Fun Fact: Though known for hot summers, Tampa’s official high has never reached 100 °F. The city’s all-time record temperature is 99 °F (37 °C).
To learn more, visit our Tampa, Florida page.