Downtown Tampa is coming back from a hard rebound. 2014 has been a stellar year for commercial properties sold in this market. To date, the Fifth Third Center sold for $47 million, Tampa City Center sold for $128 million and the Wells Fargo Center traded for $78 million.
Investors are looking to Tampa for a refreshing change in a rising economy. Not everyone signs multi-million dollar deals without being sure that about the market. These are some exciting time for the city, home to baseball’s Rays and football’s Tampa Bay Buccaneers.
You, being an investor, how do you see Tampa changing in the next couple years? Miami is overpopulated and Orlando’s biggest disadvantage is the lack of beaches and casinos. Do you believe Tampa will be as popular as Miami for tourism and businesses?