SI Real Estate Tampa and The Beaches

  A Reflection on How the Unprecedented Events of 2020 Changed Our Real Estate Market If someone told us in 2019 what was to happen the following year, we would not have believed them. From second graders learning through Zoom to one-way arrows in supermarket aisles, all aspects of our everyday lives have been impacted. The lockdowns in early spring especially affected those in the service industry. Restaurants relied on curbside pick up and hotels adopted new cleaning processes and precautions. The real estate industry was no different. Masks, gloves, and sometimes shoe coverings became a requirement during home tours. Virtual consultations replaced coffee shop meetings and closings moved outdoors. How the pandemic affected the real estate market and buyer trends made residential real estate one of the most interesting industries to watch in 2020. The national lockdown in the US began around mid-March. Springtime is usually the busiest time of the year for real estate, but t...

T. Rowe Price paid $13.5 million last Wednesday for a 75-acre site on State Road 54 in Pasco County. The Baltimore based financial services firm plans to use this land as the site of its new Tampa Bay corporate campus that is expected to bring at least 1,200 new jobs to the Tampa Bay area. The company, aimed at expanding in the region, plans to build three 150,000 square foot buildings on there new site. The relocation to Pasco County is part of an important expansion of T. Rowe Price’s overall operations. This move gives Pasco County a major global employer and is anticipated to bring significant growth to the region. A county commissioned study said that T. Rowe Price could add more than $58.5 million in government taxes and school coffers during the next decade. The project will bring more high-wage jobs to Pasco and reverse some of the heavy commuting along the State Road 54 corridor, the state road that runs along New Tampa , Wesley Chapel and Odessa. With this new development, a...