RESIDENTIAL

Westshore Marina District is an attractive rental option as Tampa experienced a 7.4% rent growth and 8% revenue growth as of November 2015 (year over year). The Tampa Bay rental market also continues to experience strong demand with an average occupancy of 95.7% as of December 2015, and Westshore Marina District’s submarket is reaching an average occupancy of 96.9%. In the past year, average rent has increased 7.2%.
Stats:

  • #8 Market in the U.S. for rent growth in 2015 at 6.9%
  • #2 Market in the U.S. for absorption and leasing velocity
  • 14:1 Jobs to new units with 38,800 new jobs and 2,831 new units added in 2015
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