Tampa’s Multifamily Market: No Signs of Stopping
Multifamily continues to be the main growth sector for Tampa’s real estate industry. As BTI Partners CEO Noah Breakstone recently pointed out, more than 7,200 units are under construction in the metro and another 37,133 units are in the planning and permitting stages, according to Yardi Matrix data. Absorption is expected to keep up with supply, as the area’s population growth continues.
In an interview with Multi-Housing News, Breakstone discussed why developers are shifting their attention from South Florida to Central Florida and provided an update on BTI Partners’ Marina Pointe, part of the 52-acre Westshore Marina District project in Tampa.