How real estate investors see downtown Tampa: ‘On a scale of 1 to 10, it’s a 6.5 to 7. It’s real, it’s happening’

There are two sides to a commercial real estate deal: The hard numbers that determine potential returns and the more emotional side — the story behind a market or property that convinces an investor to buy in.

In downtown Tampa, the story side of the equation is evolving, said Mike Davis, executive director of the capital markets group at Cushman & Wakefield of Florida Inc. Davis represented the seller in the $128 million sale of Tampa City Center in late 2014.

Developments like the waterfront… …read more