Location Summary - Tampa, FL MSA

Quality of life, brisk in-migration, healthy job growth, and affordable housing have made the Tampa-St. Petersburg-Clearwater, FL, Metro Statistical Area (MSA) one of the fastest-growing metro areas in the country. Situated in west-central Florida, the Tampa Bay area is the population center of Florida’s Gulf Coast region with nearly 3.1 million residents and an active labor force of more than 1.3 million workers, one of the largest in the state. Home to the University of South Florida, MacDill Air Force Base, BayCare Health System, and five Fortune 500 headquarters, including Raymond James Financial, the metro area boasts a diverse and expanding business mix with a highly skilled workforce. In addition to job opportunities, new residents are drawn to the region by its warm weather, recreational activities, and vibrant nightlife. WalletHub ranked Tampa among the top 20 big cities to live in, while Homes.com recognized the area as extremely family friendly. The region is also a magnet for investment, especially along the waterfront. The city’s downtown has experienced a wave of construction projects expected to bring an estimated $13 billion worth of investment to the Tampa region through 2022.

3.3m

The Tampa Bay area's population is forecast to grow 6.5% over the next five years, reaching nearly 3.3 million residents, compared to the national rate of 4.0%

334.5k

The number of households with a median household income of $100,000 or more is projected to increase 28.2% over the next five years

$58.8k

The metro area’s median household income is projected to reach $56,588 by 2023, up 12.0% from 2018

December 2018

30,600 Jobs were created Metrowide,

a 2.3% Y-o-Y Increase

 

TAMPA MSA LARGEST EMPLOYERS

Publix Supermarkets 37,570

MacDill Air Force Base 30,000

BayCare Health System 27,600

Hillsborough County Public Schools 26,200

HCA West Florida Division 17,860

University of Southern Florida 15,650

Pinellas County School District 15,000

Pasco County Schools 10,770

Hillsborough County Government 9,340

Tampa International Airport 7,200

Source: Tampa Bay Business Journal 2017; Hillsborough CAFR 2017;

Pinellas County CAFR 2017; MacDill Air Force Base 2017

Raymond James Financial

361,300 Total Jobs Supported

26.4% of Metrowide Jobs

No. 431 Raymond James Fortune 500 Rank

$68,400 Average Annual Wage

Tampa Bay’s vibrant economy is home to one of the fastest-growing financial hubs in the U.S. Greater Tampa continues to attract major corporations to the region with its favorable tax structure, highly skilled multilingual workforce, and outstanding higher-education institutions. Some of the top firms in the area include JPMorgan Chase, MetLife, USAA, and Raymond James Financial, a Fortune 500 firm headquartered in St. Petersburg, that supports 11,900 worldwide employees and generated over $6.5 billion in annual revenue.

Spectrum Field

$6.1 Total Economic Impact

22.9 Million Annual Visitors

$877 Million Taxes Sustained

22.9 165,600 Leisure and Hospitality Jobs

A record 22.9 million travelers visited Hillsborough County in 2017, including approximately 495,000 international visitors. Tourism had a direct and indirect impact of $6.1 billion, which supported a large portion of the 165,600 leisure and hospitality jobs in the metro. Domestic overnight visitors to the area booked a total of 5.9 million hotel rooms in 2017 while spending an average $241 per trip on lodging, dining, and regional attractions. Top tourist destinations include Clearwater Beach, Busch Gardens Theme Park, and a number of spring training facilities.

Map & Aerials

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In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx

Tampa Office

401 Corbett Street, Suite 460B

Clearwater, Fl 33756

727.674.4097

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