Tampa is considered a top choice in the real estate investor market of Florida for many reasons. The Tampa Bay area consists mainly of three counties beautified by the white sand and blue waters of the warm Gulf of Mexico. The area is comprised of about 2 million residents from various cultures and walks of life.
Tampa Bay offers a stable living environment regarding both the natural and social climate. The abundance of natural resources promises a higher standard of living at a lower cost. One of the most favorable aspects of living in Tampa Bay is the benefit offered by the state government. There is no Florida state income tax in Tampa. Plus, the property taxes are much lower compared to those of the other northern states.
Many businesses have relocated to the Tampa Bay Real Estate area because the prospects for doing business are very high in Tampa Bay. A few reasons are that we have the largest port in Florida here. Also, Tampa International Airport ranked as the #1 airport in the United States. Tampa Bay is known to be one of the most popular destinations for the tourists, both American and foreign as well. The tropical natural environment and the welcoming sandy beaches, attract a broad range of visitors here.
Sports and leisure are a big part of the daily routine activities of Tampa Bay. We host a variety of teams, especially football and hockey, in every season. Thus it is the favorite hangout of the young population, especially students from different universities of Florida.
The beaches and the various large lakes in the area offer a wide choice of water sports and leisure activities. People come to enjoy sunbathing, boating, fishing, snorkeling, and skiing.
One notable fact is the educated population of Tampa, the most precious asset of the Bay. This contributes to an efficient workforce, which is a great asset to the flourishing business activities of this area. Tampa Bay is considered to be one of the most literate areas of the United States.
Our economic development gets a further boost with the healthy population. Tampa Bay boasts of some the best medical care facilities. To mention a few of the notable healthcare services are the three hospitals that bear the credit as ‘America’s Best Hospitals’ by U.S. News and World Report: Tampa General Hospital, St. Joseph’s Hospital and H. Lee Moffitt Cancer Center.
If you wondered why many multinational companies are focusing towards Tampa Bay and many of them looking for a place to relocate their headquarters to this area, you would surely find the answer yourself from the above-mentioned facts. The reason for this shift of focus is nothing but the growing business activities in Tampa. This is thanks in part to the service offered by Florida’s largest deep-water port, which is located in downtown Tampa.
With the availability of abundant natural resources and an excellent capacity of human power and values, Tampa Bay has become an irresistible choice for many real estate investors. The cheaper property in Tampa is attracting a wide range of investors, from baby boomers to retirees, who realize the potential of this area of Florida.
Tampa Bay – A Great Place For Doing Business
There is no doubt that Tampa Bay, Florida’s largest port, is the ideal place for doing business. The reason why Tampa Bay attracts millions of foreign investment cannot be merely restricted to this feature; it also offers a favorable business climate in various forms.
Tampa Bay is known for its diverse workforce that is demanding for every business. Whether it is related to finance, infrastructure, manufacturing, or any others, Tampa can contribute its share of workforce suitable for the varied needs of the business operations.
Tampa has set itself an example to other cities regarding its economic growth. Irrespective of the growing international concerns over the security of their business in the country, Tampa has been able to attract a good number of international communities for investment and tourist activities. This has helped the city to boost its economic standard and the per capita income.
Not to forget is the tax benefit plan offered under the President’s growth package, which in turn helped many capable investors to do business without worrying about the burden of taxes. They could invest a good part of their income, otherwise spent on taxes, on improving their business and in turn boost the overall economy. The national economic indicators suggested a positive response to this plan that benefited both the government and the investors.
Real estate investment in Tampa has witnessed an unpredictable boom in the recent past. Buyers have realized the worth of investing in the market of Tampa property. Be it a home, condominium or a rental property, the benefits of possessing property in Tampa are multifold.
The fact says it all. There has been a staggering performance in the real estate market in the United States as a whole due to various reasons, but Tampa Bay has fared pretty well. The real estate prices here have declined but certainly not as much as other popular areas of the country. The recent hit on the property price was due to the impact of the entire economic downfall of the country on the real estate market. Despite these factors, the demand for the purchase of the real estate in Tampa has been on a high, in particular by the young investors.Read More