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WHAT IS GOING ON IN TAMPA BAY?
Market Performance June 2023 Results
Tampa's multifamily market has shown remarkable resilience and outperforms many national markets, receiving help from a remarkable employment growth rate of 4.7%, surpassing the national average and rivaling cities like Orlando and Miami
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The Submarkets Submarket Analisys
The Tampa Bay multifamily real estate market is divided into thirteen submarkets, each with its own unique characteristics and investment potential. Seven of those submarkets are a part of Hillsborough County, the fourthmost populous county in Florida Orlando and Miami
Capital Market Review Trends
Due to economic challenges and rising interest rates, investment activity in recent quarters has significantly declined. The decrease in sales activity has persisted for three consecutive quarters, with the first quarter of 2023 experiencing the lowest transaction volume in the past ten years, totaling around $160 million.
