Tampa Bay economy remains fifth among six similar regions

“We’re continuing to see improvement in Tampa Bay’s employment numbers, building upon the growth seen in the last scorecard and moving the region’s job creation ranking from fourth to second,” Bill Johnson, vice president of Coca-Cola Refreshments and chairman of the Partnership’s scorecard initiative said in a statement. “This shows that we are moving in the right direction, but need to ramp up the momentum in innovation, employment, income and productivity.”

Tampa Bay remains in fifth place among six similar regions in a semi-annual economic performance scorecard released Tuesday by the Tampa Bay Partnership    .

The bright spot: the Tampa Bay region added 15,500 jobs from the third quarter of 2010 to the third quarter of 2011, the largest increase since the September 2007 scorecard.

Top-ranked Dallas added nearly 66,000 jobs during the same period and had an unemployment rate of 8.44 percent, compared to 11.16 percent in eight-county Tampa Bay area.

Tampa Bay recorded an absolute annual wage of $39,922 – an increase from the $39,467 reported in the previous scorecard, but last among the six regions and the only one below $40,000.

The scorecard measures the six economic driver categories of employment and work force: income and productivity; housing; innovation; education; and transportation; and compares the region’s economic performance against Atlanta, Charlotte, N.C., Dallas, Jacksonville, and Raleigh-Durham, N.C.

While the overall indicator ranking remains low, there are some bright spots in this edition of the scorecard including improved rankings in the categories of employment and work force, income and productivity, and transportation.

Adapted from the Tampa Bay Business Journal Online | Originally posted on Tuesday, March 13, 2012 | Read the entire article here. 


Apartment Buyers and Sellers Expectations Converge in Tampa

A solid pace of job growth and limited construction will keep the Tampa apartment market on track for an additional decline in vacancy in this year’s final quarter, according to the Marcus & Millichap Tampa-St. Petersburg Metro Area Apartment Market Research Report for the fourth quarter of 2011.

Tenant demand continues to strengthen across the entire market, reducing vacancy for seven consecutive quarters through the third quarter this year. Read full article…

The Coming Rental Housing Wave

While widespread recovery continues to elude the housing sector, the apartment market has become one of the real estate industry’s — and the broader economy’s — best hopes for a return to the good old days, with robust property values attracting keen investor interest. And it has the Great Recession to thank for it.

The multifamily market is benefitting from changing demographics and consumer attitudes toward renting resulting from the growing number of financially stressed households. The increase in young and newly formed households that have decided to postpone or even reject homeownership in favor of the lower debt and flexibility afforded by renting during these last unsettled economic years.

Renters now make up more than 40 million households – about one-third of total U.S. households.

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Whether you are buying a small 20 unit apartment building or a large 250+ unit apartment complex let our professional Buyer Representation experience serve you.Bridgepoint Investment Group is dedicated to helping you find the best Tampa apartment building for sale and providing you with a degree of service that exceeds your expectations. Our licensed brokers and agents can assist you with all aspects of your Apartment building complex search. Let our professional staff enable your investment form the initial search, through the offers and negotiations, through the feasibility period, and through the closing date. For featured Tampa Apartment For Sale listings, please click here. For more benefits of buying with us and professional representation, please click here.

If you are looking to sell your Tampa apartment building, we are dedicated to helping you achieve the highest value sale, in the shortest amount of time, and with the least hassles. Our licensed brokers and agents can assist you with all aspects of your property sale. Your Tampa apartment building will receive the broadest exposure on LoopNET, the CIB List, CoStar, the MLS, the CCIMRedex Network, CTCAR, our exclusive websites, and other marketing avenues. We manage contact lists of hundred of buyers looking to buy properties such as yours. For more benefits of selling with us, please click here.

With a CCIM (Certified Commercial Investment Member) on staff and the experience of hundreds of transactions, get the representation you deserve for the purchase or sale of your Tampa apartment complex. When hiring our staff, you will receive free access to the Apartment Brokers Network®, America’s #1 investment property locator and listing service consisting of the very best apartment building brokers in the country with the best tools and applied information in the industry.

BIG and ABN is networked to tens of thousands of commercial real estate professionals locally, nationally, and internationally, to give maximum reach to our apartment building buyers and sellers. We have a professional and dedicated staff that will work on your behalf and keep you updated on a regular basis. We are not a single broker trying to wear all hats.

As asset and property managers, we understand how to manage and improve performance of properties for maximum resale value. An apartment building purchase is not just a one-time event. It is judged over time. The investment performance is a constant improvement and feedback process.

Before you select a firm to represent your purchase or sale, contact our brokerage team for a free consultation. We cover the Tampa and Central Florida area (or can refer you to another CCIM professional outside of the area.)

Call us toll free at 877-692-9670 or 407-391-3FLA (Orlando, FL)