Tampa is such a large area it certainly has its depressed areas and its highly desired neighborhoods as well. Is there a specific property type you are referring to? 70% vacancy rates are way outside the norm for most commercial property. Multi-Family is running around 6%. As I alluded to earlier, so many variables can be considered in looking at specific properties in certain areas. Condition, age, location, construction, etc, etc... I think Tampa has great long term potential for the very reason you mentioned in your question. A strong city in a great Gulfcoast location.
Sep 12, 2013