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Tampa Bay ranks in Top 5 “Buy” markets for retail investors

  • ​Florida markets continue to attract attention from retail investors nationwide as Miami, Ft. Lauderdale and Tampa Bay all ranked in the Top 5 for best “Buy” markets. 
  • Tourism is a major economic driver in Florida, accounting for approximately 23 percent of the state’s tax revenue. In line with market conditions strengthening, retail jobs in the Tampa Bay area grew by 2.9 percent with rents growing by 4.2 percent year-over-year. Tampa Bay is projected to experience a 10 percent increase in retail rents by 2020. 
  • Demand currently outpaces supply for quality space in Tampa Bay allowing developers to break ground on a number of projects. The new product is drawing considerable interest from groups inside the market and other groups looking to establish a footprint in the region.​

Source: JLL Research, Tampa Bay Business Journal, Ten-X Research​

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