| We are proud that the Florida Gulfcoast Commercial Association of Brokers awarded the 2009 Presidents Service Award for outstanding service to the Association to Steven Silverman, Broker, Tampa Commercial Real Estate
Counties: Hillsborough Pinellas Pasco Hernando Polk Manatee Sarasota Major Cities: Tampa Brandon Clearwater St. Petersburg Sarasota
Please contact us if you are looking to purchase, lease or sell office space, retail space , land or any property for commercial use. Click on the blue box above "For Buyers Tenants" & tell us your property needs so that we can conduct a personalized and focused search just for you. The more information you provide, the more effective we can be. Vacancies in office space for lease & retail space for lease in the Tampa Bay area reached an all time high which is an opportunity for tenants to lock in long term leases at advantageous prices. The same applies to the industrial sector. What you dont know about leasing retail space or leasing office space or purchasing retail or office space can cost you. Click on the Free Reports tab on the left of the screen "Square Footage is Important" This knowledge can save a bundle.
Several times a year Tampa Commercaial Real Estate hosts marketing breakfast sessions for brokers belonging to the Florida Gulf Coast Comemrcial Assoc of Realtors. Its a great way to market properties and to find out about new properties.
If you are going to invest or lease in commercial real estate it makes sense to carefully select and understand the market area. Your investment will be influenced by the affordability and the growth prospects of the local economy in which you choose to invest. The Tampa Bay area is an excellent choice. Like the rest of Florida, Tampa´s housing market had a severe indigestion after 2008. The rapid development pace for residential and commercial real estate was difficult to maintain. Housing prices dropped in the subprime lending crisis and commercial development slowed considerably. This had a negative effect on the local economy. So where do we go from here?
Facts about Florida The state's population grew about 2.4 percent a year from 2000 to 2007. UF had forecast a reduced 1.1 percent annual growth from 2007 to 2010 and projected that Florida would then return to its high former growth rate. Click Here,. Floridas population actually declined slightly in 2008, the first decline in 63 years. The researchers agree that the growth will return as the recession runs out of steam. Even in the recession Tampa´s population grew. Here is a link to see the historical population growth for any City or County in Florida. Click here for Area Population Growth.
It is forecast that in the next few years, Florida will surpass NY as the third most populated state in the USA.Even with the slowdown, Florida's population, now 18.7-million, is expected to be 26.6-million in 2035. Most of the population growth comes from net migration to Florida. So Florida's slowdown should be put in perspective.? It is well positioned for growth. Florida-is now the third-largest exporter of high-tech products. 2010 Florida & International Trade In 2008 CNBC rated Florida the No 1 state in work force quality.Florida´s top trading merchandise partners are: Brazil, Japan, Germany, Venezuela and China. Every Florida business is within 90 miles of a deepwater port. Florida has more direct flights to Latin America & the Caribbean than all other US cities combined. There is no state income tax in Florida which makes is appealing to individuals and corporrations.
Some Tampa Bay Facts Tampa Bay is the 7 county region on Florida's West Coast. (Hernando, Hillsborough, Manatee, Pinellas, Pasco, Polk , Sarasota). Click Here: Map 4.13 million residents - 156,000 businesses 2 million in workforce 13th largest media market in U.S. Port of Tampa is largest & most diversified seaport in FL
The Tampa Bay area is a huge slice of the Florida pie, It is currently home to 22% of Florida´s population and has 22% of the labor force.Tampa Bay is a major beneficiary of growth prospects, attracting new business and people because Tampa offers an quality of life and the infrastructure is in place to support growth. The Tampa area with its efficient ports has become a global gateway. With the Panama Canal being expanded and Cuba eventually opening up, commercial property in Tampa is a sound long term investment. For useful information at the Tampa Chamber. Tampa chamber
The mortgage crisis deeply affected the Tampa Bay economy. Today, Tampa Bay housing is amongst the most affordable in the country . Prices have decreased because nearly half of Tampa Bay´s homes are in negative equity. People moving to Tampa Bay can find real bargains in housing. Unemployment is finally decreasing and jobs are again being created. But at the current high rate of 11.7% there is plenty of competition for work. A lower cost labor force promotes growth & the jobs will be a boon to investors in Tampa commercial real estate.Want to try something fun. Click on Calculator Link to see how the cost of living in Tampa compares with other cities: Click Here Cost of Living
Tampa always seems to be improving the high way infrastructure but exiciting rail initiatives will make a huge change to the transportation infrastructure. A proposal is being considered for light rail segments to serve Tampa. Tampa recognizes that businesses want to invest in places where employees can commute easily. Tampa Light Rail for commuters . A high speed rail plan will connect Tampa, Orlando and Miami. Florida High Speed Rail . The widening of the Panama Canal that is underway will have tremendous implactions for the growth of trade in Florida and the Tampa Bay area. Panama Canal widening
Interesting information about Tampa and the Tampa Bay area
Worldwide organizations with a major presence in the Tampa Bay region include JPMorgan Chase, Citigroup, Depository Trust and Clearing Corp., Raymond James, MetLife, State Farm, and Progressive Insurance . Coca-Cola Enterprises, Citigroup Pricewaterhouse Coopers, T. Rowe Price, JPMorgan, and many others have recently elected to relocate significant operations into Florida´s Tampa Bay. Draper Laboratories recently announced that they have selected Tampa Bay to open new research facilities. At the end of 2009 a study compiled by Central Connecticut State University ranked Tampa as the most literate city in Florida and amongst the top 20 most literate cities in the USA. The next closest city in Florida was Miamiwhich ranked 33rd. Largest Employers: Click Here Tampa Bay employers. Tampa Bay now has the largest desalination plant in North America.
Macdill airforce base is located in Tampa. The 5,000 acre facility has over 12,000 employees. It has an economic impact of over $5 billion on Hillsborough county and is the county's second largerst employer behind the schoool district. It is a center for worldwide operations. The Joint Operations Center inside Macdill is responsible for running the wars in Iraq & Afghanistan. There are over 250,000 retired military living in the Tampa Bay area, providing a highly qualified labor pool.
Over 25 universities, colleges and higher education facilities including the Big East's largest. The University of South Florida (USF) is the third largest university in the Southeast. With four campuses in Tampa, St. Petersburg, Sarasota/Manatee and Lakeland and enrollment of over 47,000,? USF is the ninth-largest university in the nation. It is a major driver in the Tampa Bay region and is drawing world renowned R&D facilities. Click Here USF Link
Snapshot statistics highlighting the Tampa Bay area
- In 2005, Fort De Soto Park (St. Petersburg) ranked as the #1 beach in the USA. You don´t find beaches like this anymore.Click here: Fort de Soto . - St Petersburg was designated "America's Most Liveable Community . - Five Tampa Bay area high schools landed on Newsweek magazine's list of top 100 high schools in the USA. One was in the top 10. - In 2010 KMPG rated Tampa No1 of the major US markets for lowest business cost - Conde Naste recognized Tampa International Airport as one of the top three markets worldwide. Cargo moves easily to global destinations. - CNBC in 2008 rated Florida the No 1 state in work force quality
The arts are a vital component of this vibrant community. Theater groups, orchestras, world-class performance halls, museums, galleries & much more provide enriching performances, inspirational youth education programs,& exhibits that showcase talented artists, actors musicians.
Sports:
Over the past few years Tampa´s Sport teams have been putting Tampa on the Map
Tampa hostedSuper Bowl XLIII in 2009. The impressive achievements of? Tampa Bay teams add to Tampa Bays growing national recognition:
NFL - Tampa Bay Buccaneers (2002 SuperBowl Champs)
NHL - Tampa Bay Lightning (2004 Stanley Cup Champs)
MLB - Tampa Bay Devil Rays (2008 American League Champions)
Click here for more information:Professional Sports
Baseball - Spring Training Teams in Tampa bay:
New York Yankees, Tampa Toronto Blue Jays, Dunedin Cincinnati Reds, Sarasota Philadelphia Phillies, Clearwater Pittsburg Pirates, Bradenton Cleveland Indians, Winter Haven Detroit Tigers, Lakeland Boston Red Sox, Ft. Myers
Tennis: World class Tennis training facilities are located in Tampa Bay . Saddlebrook and Bolliteri. Agassi, Sampras, Caprioti, Blake , the Williams sisters all trained here.
It's no wonder families love Tampa Bay. The area is home to such favorites as Busch Gardens, The Florida Aquarium, Museum of Science & Industry and Lowry Park Zoo
But its not only about spectator sports.Tampa Bay is a place to play hard also. Certainly, the Tampa Bay area offers a quality of life that is difficult to surpass. We are surrounded by water and a beach is never far. The area´s warm weather enables out door activity all year long. Tampa Bay is renowned for its golf courses. Nature-lovers have so much to explore. Guide for Tampa Bay including Tampa, New Tampa, St Petersburg, Clearwater, Tarpon Springs, Carrolwood and surrounding areas: www.tampaguide.com
When you invest in commercial real estate in Tampa and the Tampa Bay area, you are investing in a market that is positioned for long term economic and population growth. Let the experience of Tampa Commercial Real Estate help with your buying ,selling and leasing needs for Office, Medical, Retail, Restaurant, Industrial, Land, Site selection in the Tampa Bay area
Tampa Bay Commercial Real Estate News June 2010 - Temple Terrace has broken grounds on new DevelopmentTemple Terrace November 2009 - Tampa Commercial Realtors don't see a recovery until 2011 according to a recent survey Survey Commercial Realtors
We believe that the commercial real estate market is at or close to bottom. The market will still face pressures from defaulting mortages that the banks will bring to market. However, the market is already discounting for this. It is a great time for Tenants to lock in low lease rates and for Buyers to acquire commercial property at advantageous prices. Loopnet just released a report on commercial sales prices for the second quarter. In Q2, overall sales in Tampa decreased 13% compared to the prior year. Over the last 12 months, the price per square foot for office property is down 18%, multifamily is down 17%, industrial is down 18% and retail is up 7%. There is, however, excess supply of big Box space. Lack of credit from Banks continues to be a challenge, but those with cash available have a tremendous opportunity in todays market
Business Park Report - : 2010 Tampa Bay Business Park Update - June Office Property Report -: 2010 Tampa Bay Office Update Retail Property Report - : 2010 Tampa Bay Retail Update Tampa Bay Industrial Report: Click - Industral Property Market favours Tenants
Click here for Article on Banks and Commercial Real Estate |