Tampa Bay rents spike to never before seen highs
Apartment sales that closed in 2021 show that multifamily investors see no end in sight for Tampa Bay's rising rents.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
$100 million mixed-use development in St. Pete Beach moves forward
“I think it's been maybe 30 years since there's been any real development there,” the South Florida developer behind the project told the Business Journal.
Exclusive: Tampa Bay single-family rental developers break ground on $30M Ocala project
The single-family rental market has exploded since the beginning of the Covid-19 pandemic.
Florida lawmakers seek inspections after condo collapse
Inspections would be required for many condominium buildings and other multifamily residences statewide under “minimum” steps lawmakers are considering in response to last year’s deadly Champlain Towers South collapse in Miami-Dade County.
Developer secures $72.5 million construction loan for South Tampa condos
The Palma Ceia condo tower has hit another key milestone.
Beyond the List: Luxury home sales surged in Tampa Bay in 2021
The number of homes that sold for $5 million and up more than tripled from 2020 to 2021, according to Tampa Bay Business Journal research.
Build-to-rent on track to see 14K units deliver this year. What happens next?
Purpose-built rental housing is expected to see its most prolific year ever, with nearly 14,000 new units set to open this year, according to a recent study. That'll surpass last year's record-breaking delivery of 6,740 new build-to-rent homes.
While rents rise, inventory falls in Tampa metro area
The Tampa Bay housing market may be on fire, but lack of inventory and increasing rent could be alarming for the future.
Ranked: Here’s where home values soared the most in 2021
Florida saw some of the biggest spikes in home-value appreciation in 2021, a year like none other for the housing market.
$12 million family compound hits the market in Sarasota
The main house and guesthouse occupy about three of the property's 13 acres, leaving a sizable chunk for redevelopment.