Torcana Podcast 15: Why you should be taking a second look at Tampa Florida

Torcana Real Estate Investment with Colin Murphy

We have a destination specific podcast today as we drill down into the reasons why Florida, and particularly the Tampa Bay area is such a hot destination for rental property investors right now.

Located on the west coast of Florida, Tampa Bay is a densely populated metro area (second only to Miami) with a population of more than 4 million and a local economy worth $130 billion. Major cities within this area include St. Petersburg, Largo, Clearwater, New Port Richey, Holiday and Tampa.

The Greater Tampa Bay area is consistently ranked among the top 20 fastest growing metro areas in the country and with billions of dollars of residential, commercial and infrastructure investment underway, it is one of the engines of the Florida economy.

More than 19 firms with annual revenues of more $1 billion are headquartered here and it is home to four Fortune 500 companies. Tampa has a very diversified economy with financial services, healthcare, research, education, tourism/retirement, and military bases all making significant contributions to jobs and growth.