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All Those New Apartments in South Florida Still Aren’t Enough, Report Says

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It may seem that an apartment complex is going up on every street corner in South Florida, but a new report shows that builders actually have some catching-up to do. Renters moved into 9,155 units across the tri-county region in the first half of 2018, while deliveries totaled 6,336 over the same period, according to Ambler, PA-based commercial real estate services firm Berkadia. That’s the first time in three years that demand exceeded supply…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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The city is divided into many neighborhoods, many of which were towns and unincorporated communities annexed by the growing city. Generally, the city is divided into the following areas: Downtown Tampa, New Tampa, West Tampa, East Tampa, North Tampa, and South Tampa. Well-known neighborhoods include Ybor City, Forest Hills, Ballast Point, Sulphur Springs, Seminole Heights, Tampa Heights, Palma Ceia, Hyde Park, Davis Islands, Tampa Palms, College Hill, and non-residential areas of Gary and the Westshore Business District.

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