Downtown Tampa’s condo market tipping toward new construction

Downtown Tampa appears to be heading toward its next condominium boom, if prices can catch up with demand.

About 4 percent of the downtown condo inventory — 85 units — is for sale, said Dave Traynor, a vice president of real estate and developer services with Smith & Associates in Tampa. That point in a market is typically when new construction starts to happen — but prices are just shy of where they need to be for new developments to be profitable.

Condo construction would be a major endorsement… …read more