-BlueRGB.png){kind=small}
Tampa Bay Has Found New Life With It's CRE Popularity in 2023
Commercial Real Estate Supply Is Fighting Hard To Keep Up With The High Demand In Tampa Bay Florida.
by George L. Rosario, Speaker, Business Development Director at Property Tax Alliance Group
Tampa Bay has had its ups and downs in the commercial real estate market, but in the last few years, due to the influx of businesses moving to the area, the market has made a comeback. Today, Tampa Bay is a hotbed for investors and businesses looking for property to purchase, develop, and lease. In fact, the area is so popular that some have even dubbed it the “The Florida Gold Rush.” From the growth in tech and the rapid expansion of Tampa International Airport, to the influx of new tourists visiting the area powered by the city’s booming tourism industry, Tampa Bay is experiencing a commercial real estate renaissance, with a wealth of opportunities for businesses and investors. This article will discuss how Tampa Bay has become one of the most popular destinations for commercial real estate in the United States and what the future holds for the area in 2023.
Part of the reason why Tampa Bay is becoming increasingly popular as a destination for commercial real estate is the city's commitment to technological and economic development. Over the past decade, the city has invested heavily in its infrastructure, from the new facilities at Tampa International Airport to support the growth in technology and transportation, to programs like the Select Energy Accelerator. These efforts have paid off, with tech-driven businesses moving to the region and bringing exciting new opportunities for investors. One example of this is a recent partnership between the City of Tampa and area businesses to create the world’s first artificially intelligent online real estate platform, which has been dubbed the “Tampa AI real estate ecosystem”.
The area’s tourism industry has been another boon to the commercial real estate market. The popularity of Tampa and its suburbs has been on the rise in recent years, with the region becoming a top vacation destination for both domestic and international travelers. This increased interest in the area has improved the real estate market, providing businesses and investors with a wide range of opportunities to capitalize on the tourism boom. For example, the new Grand Hyatt Hotel in downtown Tampa is a prime example of a business taking advantage of the popularity of the area and providing a profitable and attractive business opportunity for investors.
Finally, Tampa Bay's real estate market is rising because of population growth. As the area continues to evolve, more and more people are seeking to call Tampa Bay home. This has lead to a marked increase in housing and development projects throughout the region which promise to bring a significant economic benefit to the area. For instance, the City of Tampa recently announced that it had received $170 million in public and private investments for the construction of a new downtown district, which is set to bring thousands of new jobs, hundreds of businesses, and hundreds of homes to the area. This influx of people and capital into Tampa Bay has been a major boon to the area's commercial real estate market and has been a major factor in its recent resurgence.
Conclusion
Tampa Bay has gone through tough times in the past in the commercial real estate market, but the area is now experiencing a new popular renaissance. From the growth in technology and tourism to population increase, the city is seeing new opportunities and investments that are leading to a stronger and more vibrant market. In 2023, it is expected that Tampa Bay will become an even more attractive destination for businesses and investors, with the Grand Hyatt Hotel, the new downtown district, and the AI real estate ecosystem positioning it firmly as one of the most sought-after places for commercial real estate in the United States.
If you or anyone in your sphere of influence are involved in Florida Commercial Real Estate Property, you should contact Property Tax Alliance Group - PTAG immediately. Chances are you are overpaying on your taxes. Contact me today:
GEORGE L. ROSARIO
Business Development Director
Direct: 954-644-2322
Office: 954-202-9696
[Once you've taken the leap and become a commercial real estate owner, you have to give the pros at Property Tax Alliance Group - PTAG a call. #PTAGsaves Florida commercial real estate owners/investors on their property tax bill. The goal is to free up much needed capital for future endeavors, repairs or reinvestment. To learn more, contact us at www.TaxFlorida.com or contact me, George L. Rosario directly at 954-644-2322. A huge part of managing your Florida commercial real estate investment cash flow involves having your tax liability evaluated by Florida's best commercial real estate property tax team. The Property Tax Alliance Group (PTAG) is a South Florida-based professional Property Tax Consulting and Advisory firm delivering solutions to local, regional, and national clients since 2004. We offer an impressive portfolio of customizable tax reduction services available to Florida commercial property owners. County appraisers are not in the business of reducing your tax liability. We are! And, we help you accomplish this within the full spectrum of the law. Get in touch with us today if you would like PTAG to ensure your business is not overpaying its fair share of local property taxes and increase cash flow. #PTAGsaves]
Let's talk about it.
*** Don't forget to schedule a FREE 30 minute consultation. For information on how to hire #GeorgeTheSpeaker to speak at your next event, visit GeorgeRosario.com today. Schedule your Complimentary 30 Minute Consultation with George L. Rosario today.
ABOUT THE AUTHOR:
George L. Rosario, #GeorgeTheSpeaker with GC Rosario Group
George L. Rosario is a Brooklyn NY born & raised businessman & entrepreneur turned consultant. He started GC Rosario Group with his lovely wife Claudia. With over 30 years of service to the marketplace in NYC, George has relocated and been graciously adopted by the business community of South Florida. He travels the country helping businesses and organizations thrive in today’s noisy environment. George & Claudia Rosario help companies, businesses, organizations and teams develop the necessary skillset and plan of action to not just survive but thrive in this new world. Their love for commercial real estate made them the ideal partners to help Property Tax Alliance Group #PTAGsaves help more commercial real estate investors, owners, property managers and developers gain more leverage over their portfolio's property taxes. We will help you meet your ROI and NOI goals. George is always available to meet over coffee and discuss how your commercial real estate portfolio can continue to grow when you use proactive strategies to lower your yearly tax burden. Let's talk about it. “Every day is a good day when you do what you love and love what you do.” – George L. Rosario George L. Rosario and Claudia P. Rosario are growing some of America's fastest growing brands, including Florida's best property tax consulting firm, Property Tax Alliance Group. If you own commercial property anywhere in the state of Florida, you know PTAG.