Please ensure Javascript is enabled for purposes of website accessibility
Your free article limit has been reached this month.

Tampa Bay architects: High interest rates remain big obstacle

  • By Jim Stinson
  • | 3:00 p.m. March 1, 2024
  • | 0 Free Articles Remaining!
A view from a September 2023 topping-off ceremony in St. Pete of Reflection, a $100 million condo project on Third Avenue North, one of the region's many new buildings.
A view from a September 2023 topping-off ceremony in St. Pete of Reflection, a $100 million condo project on Third Avenue North, one of the region's many new buildings.
Photo by Jim Stinson
  • Tampa Bay-Lakeland
  • Share

High interest rates will slow down real estate development in Tampa Bay, according to an annual survey of regional architects, often the first sector to begin work on development projects.

But this is Florida. There will be growth: The survey also says Tampa Bay will see "modest" real estate development.

It's "modest" because higher interest rates are having a negative impact on the architecture industry, according to a Friday news release from the regional chapter of the American Institute of Architects. AIA Tampa Bay has 700 members in Hillsborough, Pinellas, Polk, Hernando, Citrus, Sumter and Pasco counties.

 

Your Business News. Your Way.

Subscribe today. Cancel anytime.

Latest News

  • May 16, 2024
SWFL oncology network appoints new board member
  • May 16, 2024
$14.6M sets monthly bed tax record for St. Pete-Clearwater
  • May 16, 2024
Tampa Downtown Partnership woos new CEO from Detroit organization
  • May 16, 2024
Second Sarasota County Costco grand opening announced
×

Special Offer: Only $1 Per Week For 1 Year!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.