Tampa among nation's most active apartment markets

Region cracks the Top 20 for 2019 multifamily rental development


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  • | 6:00 a.m. September 13, 2019
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COURTESY RENDERING — 815 Water St., 21-story apartment tower with roughly 400 rental units, is under construction now in Tampa's Water Street Tampa development.
COURTESY RENDERING — 815 Water St., 21-story apartment tower with roughly 400 rental units, is under construction now in Tampa's Water Street Tampa development.
  • Commercial Real Estate
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The Tampa-St. Petersburg-Clearwater metropolitan statistical area (MSA) ranks among the Top 20 markets nationwide this year for new apartment development, according to a new survey by real estate research firm Yardi Matrix.

With a projected 4,912 new units set to be delivered by Dec. 31, the three-city MSA ranks 18th in the U.S., ahead of Minneapolis and Portland, Ore., and just behind San Francisco and Boston, Yardi’s RentCafe affiliate finds.

 

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