A report using data compiled by StorageCafe shows that the Tampa real estate market has undergone significant growth in the last decade, ranking at number 15 for real estate. The study shows just about all sectors of the U.S. real estate landscape going under wholesale evolutions and large expansions. The sunbelt region especially has experienced tremendous growth, and 15 of the top 20 cities with the highest volumes of real estate construction from 2013 to 2022 being in south/southwestern urban hotspots.

Over the last decade, Tampa has issued over 10,000 permits for single-family homes with 2022 being the best year of the study with over 1,200 permits issued. Since 2013, more than 20,000 multi-family units have been added to Tampa’s market and over 10 million square feet of industrial space has been delivered in the last decade as well. Tampa has also added 3.1 million square feet of retail construction, being placed number 17 among the top 100 biggest urban hubs. Tampa has also added 3.7 million square feet of office space.

The south and southwest has seen a boom of real estate development thanks to population growth, lower taxes for businesses, land availability, and major investments to infrastructure all of which the study considers. Houston, Texas landed the number one spot on the list and Columbus, Ohio landed at Number 20.