SI Real Estate Tampa and The Beaches

A recent study done by Marcus & Millchap, shows that rental prices in Florida may see an increase in the last half of 2012. They cited improving job rates, less apartment inventory, and declining vacancy rates as the main contributing factors to the expected increase in rental costs. Larger cities like Miami, Tampa, and Orlando may feel the increase more so than smaller markets such as Sarasota or Bradenton because the smaller markets usually have somewhat higher vacancy rates. Here in Tampa, Florida, we have seen this trend first hand with our investors and landlords expecting increases in rental rates. This has proven to be an attractive component for international investors who are constantly looking to Florida, especially Tampa, for investment opportunities. Real Estate management companies can present higher return opportunities to these investors who usually hand the keys over immediately after closing on properties. Condo communities in Tampa such as Courtney Palms, Valha...