Tampa is considered a top choice in the real estate investor market of Florida for many reasons. The Tampa Bay area consists mainly of three counties beautified by the white sand and blue waters of the warm Gulf of Mexico. The area is comprised of about 2 million residents from various cultures and walks of life.
Tampa Bay offers a stable living environment in terms of both the natural and social climate. The abundance of natural resources promises a higher standard of living at a lower cost. One of the most favorable aspects of living in Tampa Bay is the benefit offered by the state government. There is no Florida state income tax in Tampa. Plus, the property taxes are much lower compared to those of the other northern states.
Many businesses have relocated to the Tampa Bay area because the prospects for doing business are very high in Tampa Bay. A few reasons are that we have the largest port of Florida here. Also, Tampa International Airport is ranked as the #1 airport in the United States. Tampa Bay is known to be one of the most popular destinations of the tourists, both American and foreign as well. The tropical natural environment and the welcoming sandy beaches, attract a wide range of tourists here.
Sports and leisure are a big part of the daily routine activities of Tampa Bay. We host a variety of teams, especially football and hockey, in every season. Thus it is the favorite hangout of the young population, especially students from different universities of Florida.
The beaches and the various large lakes in the area offer a wide choice of water sports and leisure activities. People come to enjoy sunbathing, boating, fishing, snorkeling, and skiing.
One notable fact is the educated population of Tampa, the most precious asset of the Bay. This contributes to an efficient workforce, which is a great asset to the flourishing business activities of this area. Tampa Bay is considered to be one of the most literate areas of the United States.
Our economic development gets a further boost with the healthy population. Tampa Bay boasts of some the best medical care facilities. To mention a few among the notable healthcare facilities are the three hospitals that bear the credit as ‘America’s Best Hospitals’ by U.S. News and World Report: Tampa General Hospital, St. Josephâ€™s Hospital and H. Lee Moffitt Cancer Center.
If you wondered why many multinational companies are focusing towards Tampa Bay and many of them looking for a place to relocate their headquarters to this area, you would surely find the answer yourself from the above-mentioned facts. The reason to this shift of focus is nothing but the growing business activities in Tampa. This is thanks in part to the service offered by Florida’s largest deep-water port, which is located in downtown Tampa.
With the availability of rich natural resources and an excellent capacity of human power and values, Tampa Bay has become an irresistible choice for many real estate investors. The cheaper real estate in Tampa is attracting a wide range of investors, from baby boomers to retirees, who realize the potential of this area of Florida.