Winning sports teams like the Tampa Bay Lightning and the Chicago Blackhawks boost their local economies, which often in turn boosts real estate investments.
As an Investment Group wholesaling properties in the Northwest coast of Florida, we have experienced the economic benefit winning sports teams brings to a city. Sports teams like the Lightening and Chicago Blackhawks are a major contributor to the overall economic success of their communities, pouring millions into the economy for real estate development, providing high-paying jobs, and attracting people from all over the world to the city.
Economic Growth Boosts Real Estate Investments
Economic growth is having positive affects on the Tampa Bay real estate industry, which continues to receive interest from investors in Florida and throughout the world.
For example, downtown Tampa has nine residential towers that are currently in planning or development. If they are all constructed, they could bring as many as 10,000 new young professionals to the city to explore the natural beauty and fun nightlife that only Tampa can offer.
Another one of the most talked about projects in the area is Jeff Vinik’s $1 billion development plan. The owner of the Tampa Bay Lightning sees amazing growth potential in the city. Once the project gets started, up to 40 acres located in the southern edge of downtown will be rebuilt to feature upscale housing, entertainment, and retail options.
If all goes according to plan, this new development could completely revitalize and transform the areas around Amalie Arena. Tampa Bay is increasingly seen as a great city for millennials and young families, and all this development is only making that fact more obvious. The Lightning and their owner are doing great things for the city, and no matter the outcome of this year’s finals, the city will benefit from everything the team has contributed to Tampa Bay.
A Great City is the Foundation of Profitable Real Estate Investments
Tampa exemplifies the fact that a great city provides a stable foundation for profitable real estate investments.
According to a 2014 study by Wallet Hub, Tampa Bay is the third best city in the U.S. to find a job. A burgeoning hub for innovation and technology, more and more businesses are locating major offices in Tampa Bay including HSN, Microsoft, and Amazon.
It’s easy to see why Forbes ranked Tampa as one of the best cities for the outdoors, the Washington Square News ranked Tampa as a top city for “twenty-somethings”, a Pew Research study ranked Tampa as one of the most popular American cities based on where people want to live, and Loughborough University ranked Tampa as a “Gamma+” world city.
Investing in Tampa Bay Real Estate
Tampa Bay offers excellent real estate investments in numerous communities. If you are thinking about investing in Tampa, please take a moment to read our testimonials, and review our recent properties.