Commercial Real Estate, Capital, Insurance, Leasing & Management

Florida’s Tampa Bay Matures Into Major US Apartment Market

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Zach Ames, senior director, says there still is room for new apartment construction in Tampa Bay.

Excerpted from CoStar News story.

While downtown Tampa and downtown St. Petersburg are seeing a flurry of new apartment buildings, there still is room for new construction in other areas of the four-county region, according to Zach Ames, senior director at the Franklin Street brokerage in Tampa.

Investors are taking note of projects in Brandon, outside of Tampa, and in Wesley Chapel near the line dividing Hillsborough and Pasco counties, he explained in an interview.

“Eight years ago, Tampa Bay may not have been on people’s radar, but today it is,” Ames said. “I don’t think we’re overbuilt, even though it may seem that way. There’s still a shortage of housing.”

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