Tampa suburbs rank supreme in multifamily sales volume

The burbs are bubbling in Tampa Bay.

That’s a big takeaway from a CoStar analysis of the past 12 months, through November, of the still-hot Tampa area multifamily market. A trio of submarkets led the way: Central Pinellas, with $655 million in sales volume, followed by Southeast Tampa with $516 million and North Tampa with $500 million. That’s roughly half the market’s total multifamily sales activity, CoStar reports, which, through November at more than $3 billion, had already set an annual record.