| With property prices seemingly on the
| |
| | to be held in Tampa. This has a dramatic
|
| rise and rising quickly in Tampa, there
| |
| | effect on our area's prosperity.
|
| is a lot of talk about a real estate
| |
| | The increasing economic prosperity also
|
| bubble in the US and dire predictions
| |
| | makes Florida in general and Tampa Bay in
|
| that the so-called bubble could burst,
| |
| | particular a good place to find a job or
|
| leading to a lack of confidence on the
| |
| | start a business. In 2004, Florida was
|
| part of investors and people seeking a
| |
| | ranked #2 as one of the best places in
|
| second home. But while this talk of a
| |
| | America for start-ups. More and more
|
| bubble may be true in some parts of
| |
| | companies are also relocating their
|
| America, it isn't justified in Florida,
| |
| | headquarters to Tampa, as well. Tampa is
|
| particularly in the Tampa Bay and
| |
| | now being called the "Gateway to the
|
| Clearwater areas.
| |
| | Florida High Tech Corridor", because
|
| Florida as a whole is enjoying a rise in
| |
| | companies are being offered a matching
|
| property prices which promises to be a
| |
| | grant program that has generated more
|
| long term trend. There are many reasons
| |
| | than $120 million in applied research.
|
| for this.
| |
| | 225 companies have already taken
|
| Demand for real estate in Florida is
| |
| | advantage of this.
|
| increasing. Homes are being bought for
| |
| | The area has relatively low real estate
|
| various reasons. Both American and
| |
| | prices and a lower cost of living and
|
| European holiday makers view Florida as a
| |
| | higher employment statistics compared to
|
| premier summer holiday location and flock
| |
| | the rest of Florida and to other states
|
| there each summer and historical evidence
| |
| | in America, despite recent increases. The
|
| suggests that this figure is rising
| |
| | median value for a home in Florida was
|
| sharply and is having a major economic
| |
| | $189,500 last year, significantly less
|
| impact on the region according to VISIT
| |
| | than similar homes in California where
|
| FLORIDA research.
| |
| | the median home value was $474,370.
|
| Historic Visitor Numbers (in Millions)
| |
| | (Source: ). In Tampa Bay, it was less
|
| Year Total
| |
| | again.
|
| 1999 58.9
| |
| | Florida, including Tampa, also enjoys the
|
| 2000 72.8
| |
| | advantage of having slightly more
|
| 2001 69.5
| |
| | favorable property taxes compared with
|
| 2002 73.9
| |
| | other parts of the US, no state income
|
| 2003 74.6
| |
| | tax and better car insurance rates. The
|
| 2004 79.7
| |
| | education system has undergone
|
| Historic Economic Impact
| |
| | considerable improvement over the past
|
| Total Tourism Spending 1999-2004:
| |
| | number of years. And the Tampa area also
|
| 1999 - $44.6 billion
| |
| | has some of the best commute to work
|
| 2000 - $48.5 billion
| |
| | times in the country.
|
| 2001 - $48.6 billion
| |
| | Tampa Bay is perhaps the ideal place not
|
| 2002 - $49.5 billion
| |
| | just for the baby boomer buying a second
|
| 2003 - $51.5 billion
| |
| | house or holiday home, nor just for the
|
| 2004 - $57.0 billion
| |
| | property investor seeking to increase
|
| Total State Sales Tax Revenues from
| |
| | their footprint in the holiday rental
|
| Tourism 1999-2004:
| |
| | market, but also for people starting out
|
| 1999 - $2.7 billion
| |
| | in life or those seeking a retirement
|
| 2000 - $2.9 billion
| |
| | home.
|
| 2001 - $2.9 billion
| |
| | There have been several new developments
|
| 2002 - $3.0 billion
| |
| | in Tampa Bay Florida real estate and
|
| 2003 - $3.0 billion
| |
| | Clearwater Beach real estate holdings;
|
| 2004 - $3.4 billion
| |
| | the plans for developing downtown Tampa,
|
| Number of Persons Directly Employed by
| |
| | especially the Rivergate area, are
|
| Tourism Industry 1999-2004:
| |
| | potentially very exciting indeed,
|
| 1999 - 826,200
| |
| | according to recent articles in the Tampa
|
| 2000 - 842,900
| |
| | Bay Business Journal.
|
| 2001 - 864,500
| |
| | In short, Florida as an area for either
|
| 2002 - 862,900
| |
| | relocation, investment or a second home
|
| 2003 - 871,000
| |
| | is currently one of the most attractive
|
| 2004 - 912,700
| |
| | in America and likely to remain so for
|
| This growth in visitors is due to
| |
| | some time. Due to the recent economic
|
| Florida's many attractions, many of which
| |
| | pressure on the US as a whole there might
|
| are near to Tampa Bay. The superb
| |
| | be a slight slow down in terms of
|
| beaches, the night life opportunities,
| |
| | escalating appreciation but Florida
|
| golf and other sporting opportunities
| |
| | remains a great place to come and a great
|
| whether playing or being a spectator, the
| |
| | place to invest, especially Tampa Bay
|
| theme parks and adventure worlds, Disney,
| |
| | real estate and Clearwater Bay real
|
| of course - and the many areas of
| |
| | estate, which are right in the heart of
|
| unspoiled beauty. And, if anything, this
| |
| | the potential growth areas.
|
| annual visitation is set to increase
| |
| | No bubbles bursting here, just
|
| again as the Super Bowl comes to Tampa in
| |
| | opportunities galore!
|
| 2009. This will be the fourth Super Bowl
| |
| |
|
