Development in the Tampa Bay region is still booming. Local governments are struggling to keep pace with the influx of development activity. Land inventory is low and market demand is high. This is causing a renewed interest in rezoning property of all types, across the spectrum of uses throughout the region.
In the urban areas density is increasing and infill development opportunities are becoming more attractive. In suburban areas, large land assemblages are being rezoned to create mixed-use developments, designed to mimic the urban core by providing walkable work, live, play opportunities. The demand for single-family homeownership is outpacing the supply, which is putting pressure on the conversion of agricultural land for single-family development. Meanwhile, land previously entitled for single- family developments is converting to allow more intense housing products, such as townhomes and paired villas.
Richard is our resident social media expert. He researches and writes about; the economy, marketing trends and all aspects of real estate investing.