Are you looking to invest in commercial real estate in the booming city of Tampa, Florida? With a thriving business scene, growing market, and world-famous attractions, Tampa offers an exciting opportunity for investors.
In this comprehensive guide, we’ll explore various aspects of Tampa’s commercial real estate market, from downtown properties to the impact of Busch Gardens on property values. Get ready to dive deep into the world of Tampa commercial real estate and discover your next great investment.
Explore Tampa’s commercial real estate market with an expanding economy and increasing demand for security solutions.
Invest in downtown retail properties or hospitality/entertainment venues to benefit from population growth, economic development, infrastructure improvements & more.
When considering a property purchase, ensure accurate information is provided as well as legal compliance & technical issues addressed before contacting the owner for inquiries.
Tampa FL offers a dynamic and expanding landscape of commercial real estate for sale prospects. From strip plazas to apartment complexes, there is a wide range of options available, catering to diverse business needs.
The market in Tampa is exhibiting considerable growth, with new businesses and developments emerging regularly. One of the factors contributing to this growth is the increasing demand for security solutions in commercial properties.
With such a vibrant market, it’s crucial to understand the types of properties available and what to look for when assessing commercial real estate in Tampa.
In Tampa, FL, commercial real estate options include:
Strip plazas
8-unit apartment buildings
Car washes
Ground leases
NNN properties
The size and location of commercial real estate in Tampa can vary. For example, the South Dale Mabry Property is 11,092 SF, and the Chipotle location is situated in a densely populated, infill area.
*When searching for properties online, you might encounter a “Cloudflare Ray ID found” message, which is a security measure to protect websites from malicious traffic. Just continue your search. Now, let’s explore the heart of Tampa’s business scene: downtown Tampa.
Downtown Tampa is a bustling center of commerce and business, with major companies like Bank of America, Frontier Communications and TECO Energy calling it home. The area also houses the Tampa Convention Center making it a prime location for business and networking events.
In this section, we’ll delve into the different types of commercial properties available in downtown Tampa, from office spaces to retail properties and hospitality venues.
Downtown Tampa provides an array of office spaces, ranging from single-room offices to multi-room suites. Some properties might be located near popular streets like Volkers St, offering excellent visibility and accessibility for businesses.
Whether you’re looking for a small office space or a larger commercial building, downtown Tampa has an abundance of options to suit any business need.
Downtown Tampa offers a range of retail properties, such as freestanding office buildings, flex/retail spaces and commercial listings of various sizes and types. Investing in downtown Tampa retail properties presents a range of benefits, such as access to a sizeable customer base, closeness to other businesses, and potential for enhanced property values.
To find the perfect retail property in downtown Tampa, it’s essential to research the market, pinpoint potential properties and negotiate a purchase agreement. Engaging a real estate agent can offer numerous advantages, such as access to exclusive listings, support with negotiations and direction throughout the entire process. Wendy Morris Realty is a licensed commercial real estate brokerage.
Downtown Tampa boasts a wide selection of hospitality and entertainment venues, such as hotels, restaurants, bars, and entertainment venues. Some of the more popular venues in the area include The Tampa Club, The Vault and the Amalie Arena. These establishments contribute to the vibrant downtown scene, making Tampa an attractive location for businesses and investors alike.
The Tampa Club is a private club that offers members a variety of amenities, including fine dining.
South Florida’s commercial real estate market, including Tampa, is closing out the year in a strong position, with retail, multi-family, and industrial sectors exhibiting promising performance. It is deemed a profitable market for both domestic and international investors.
In this section, we’ll explore the driving factors behind South Florida’s growing market, such as population growth, economic development and infrastructure improvements.
Recent data indicates that Florida’s population has increased by 1.9% between 2021 and 2022, making it the fastest-growing state in America. However, Miami-Dade County’s population decreased by 0.8% between 2020-2022.
This population growth in South Florida has had a significant impact on commercial real estate, driving up prices and intensifying competition for available spaces as businesses seek to capitalize on the influx of new residents.
Recent years have seen a surge in economic development in South Florida, with new businesses and industries establishing themselves in the area. This has resulted in a rise in job opportunities and a general improvement in the local economy.
The Economic Development Administration (EDA) is currently accepting applications for the Recomplete Pilot Program funding opportunity, which provides targeted investments in distressed communities. Additionally, a project has been initiated to develop affordable and workforce housing units in South Florida.
Economic development initiatives in South Florida have created a favorable environment for commercial real estate growth, with new job opportunities, population growth and improved infrastructure leading to increased demand and rising prices, thus creating more investment opportunities.
Recent years have seen a variety of infrastructure improvements in South Florida, such as the expansion of highways, the construction of bridges and the development of public transportation systems. In Miami, the Connecting Miami project, updates to the Storm Water Master Plan, and street infrastructure improvements are currently being implemented.
These infrastructure improvements support the expansion of South Florida’s commercial real estate market, making it even more attractive for investors.
Understanding metric and imperial units in real estate transactions is crucial for making informed decisions and ensuring a smooth transaction process. In this section, we’ll explore different aspects of metric and imperial units in real estate transactions, including area measurements, property valuation, and lease terms.
Area measurements are important for determining the size of a property and its potential value. Metric.
For real estate transactions, square meters are the metric unit of measurement, while square feet are the imperial unit of measurement. Using a conversion calculator or a conversion chart is the most effective way to convert between metric and imperial units.
To accurately calculate the area of a property, one must measure the length and width of the property and then multiply them together. Understanding area measurements is essential for evaluating the size and value of commercial real estate properties.
Property valuation is determined by considering elements such as location, the condition of the property, and prevailing market trends. There are different methods of real estate appraisal that can be employed to determine the value of a property, such as the sales comparison approach, cost approach, and income approach.
Understanding property valuation methods and considerations is crucial for making informed investment decisions and negotiating the best possible deal.
Lease terms regularly utilized in real estate transactions encompass the duration of the lease, the rent amount, and the security deposit. It is essential to be aware of the terms of a lease in order to ensure that the rights and obligations of both the tenant and the landlord are respected and that the terms of the lease are equitable.
When negotiating lease terms, it is imperative to be cognizant of the market, mindful of the landlord’s requirements and be willing to find common ground.
Busch Gardens, a world-renowned theme park located in Tampa, attracts over 3 million visitors each year. This influx of tourists has a considerable influence on Tampa’s commercial real estate market.
In this section, we’ll explore the impact of Busch Gardens on Tampa’s commercial real estate market, including tourism, business opportunities and property values.
The popularity of Busch Gardens has a significant impact on tourism in Tampa, attracting millions of visitors annually. This increased foot traffic has resulted in a heightened demand for commercial real estate, as businesses seek to capitalize on the opportunity.
With more tourists flocking to the area, commercial real estate investors can benefit from the increased demand for properties catering to the tourism industry.
Busch Gardens in Tampa has generated opportunities for souvenir shops, restaurants and nearby attractions. The presence of Busch Gardens in Tampa has had a beneficial effect on the local economy, providing employment and boosting tourism.
Businesses can capitalize on these opportunities by providing services and products tailored to both tourists and locals and by offering discounts and promotions.
While it is unclear if Busch Gardens has a notable effect on property values in Tampa, other elements such as housing shortages and increasing home prices are likely to be more influential. Factors that can influence property values in Tampa include:
The local economy
Population growth
Infrastructure improvements
The availability of housing
Nevertheless, the presence of Busch Gardens contributes to the overall attractiveness of Tampa as a location for commercial real estate investment.
Security is a crucial aspect of commercial real estate, as it helps protect property assets and ensure the safety of tenants and customers. In this section, we’ll explore different security solutions available for commercial properties.
These solutions include physical security measures, such as locks, cameras, and access control systems, as well as cybersecurity solutions like firewalls, antivirus software, and a comprehensive security solution to protect your digital assets.
For commercial properties, physical security measures such as:
Security cameras
Motion sensors
Access control systems
Alarm systems
Security Surveillance System, SafeTouch Security, GardaWorld, and Commercial Safety Systems in Tampa offer security solutions for commercial properties, including installations, security guards, event security, security consulting services and fire and security systems that can be employed to deter intruders and protect property assets. These systems are performed triggered by an action, ensuring a timely response to potential threats.
Implementing effective physical security measures is essential for maintaining a safe and secure commercial property.
As technology continues to advance, cybersecurity solutions are becoming increasingly important for commercial real estate. Companies like KnowBe4, A-LIGN, and OccamSec offer cybersecurity solutions for commercial properties in Tampa. These solutions are including protection against online attacks, network and server monitoring, helpdesk support, cybersecurity and compliance support and security compliance audits.
Implementing effective cybersecurity solutions can help protect valuable data and prevent potential security breaches. It is important for commercial real estate owners to understand the risks associated with their property.
Collaborating with security service providers can offer commercial properties access to cutting-edge security technologies, knowledgeable personnel, and comprehensive security solutions. Companies like Securiteam, Security 101, GardaWorld, ADT Commercial, and Scorpion Protection provide a range of security services, from surveillance cameras to alarm systems and access control systems.
Partnering with security service providers can help ensure a comprehensive security plan for your commercial property, providing peace of mind and protection for your investment.
When evaluating commercial real estate listings, it’s important to be aware of potential issues that may arise. In this section, we’ll discuss the importance of accurate property information, legal compliance and technical issues in real estate listings.
Accurate property information is essential for buyers to make informed decisions. This includes details such as the weather.
Ensuring accurate property information in real estate listings is essential for making informed decisions and avoiding potential issues down the line. Property listings should include information such as:
Property type
Location
Size
Price
Distinguishing features
Providing accurate and up-to-date information helps potential buyers make informed decisions and can prevent misunderstandings during the transaction process.
Legal compliance is a crucial aspect of commercial real estate transactions, as it ensures that both the buyer and seller are protected under the law. In Tampa, legal requirements for real estate listings include a homeowner’s insurance certificate, proof of wire transfer for the down payment and any other documents requested by the closing agent.
Additionally, Florida Statute 475.278 stipulates the requirement of a specific disclosure to be made to the buyer regarding the buyer-real estate agent relationship and duties. Ensuring legal compliance in real estate transactions helps protect all parties involved and guarantees a smooth transaction process.
Technical issues can also arise in real estate listings, and it’s important to address them to ensure the property is functional and safe. When creating commercial real estate listings in Tampa. It is important to emphasize any technological features that the property may have, such as internet connectivity, security systems and other technological elements.
Additionally, when selling a property, it may be beneficial to:
Highlight any energy-efficient features or building systems that could help reduce operating costs
Address any technical concerns and provide accurate information to prevent potential issues
Ensure a successful transaction.
When you find a commercial property listing that interests you, it’s important to know how to contact the site owner for inquiries. In this section, we’ll guide you through the steps of finding contact information, preparing your inquiry and providing necessary details to facilitate a smooth transaction.
First, you’ll need to locate the contact information for the site owner. This can be done easiest through a licensed commercial real estate broker. It is best to stick with what has worked for over 100 years.
To locate contact information for property owners and agents, you can search online or in local directories. The most effective way to contact the agencies directly is by phone, email, or through their website. This will ensure that you’re communicating with the appropriate individual or organization and can help you obtain the information you need.
When preparing your inquiry, it’s important to provide all pertinent details about the property you’re interested in. This includes information such as:
The type of property
Location
Size
Intended use
Budget
Contact information
By providing accurate information and avoiding malformed data, you can ensure that your SQL command query is sent to the appropriate individual or organization and that the response is tailored to your specific needs. Also taking into account the certain word you might be looking for.
To facilitate a smooth transaction, it’s crucial to provide necessary details in your inquiry. In addition to the information mentioned earlier, you may also be required to present a homeowner’s insurance certificate, proof of wire transfer for the down payment and any other documents requested by the closing agent.
Providing all necessary details will help streamline the process and ensure a successful transaction.
In conclusion, Tampa offers a dynamic and growing commercial real estate market, with opportunities ranging from downtown office spaces to retail properties near the popular Busch Gardens theme park. Population growth, economic development and infrastructure improvements in South Florida further contribute to the expansion of the market, making Tampa an attractive location for investors.
Whether you’re a seasoned investor or new to the world of commercial real estate, this comprehensive guide has provided you with valuable insights into Tampa’s market, potential issues to be aware of and practical tips for navigating real estate transactions. Armed with this knowledge, you’re ready to dive into the world of Tampa commercial real estate and discover the perfect investment opportunity.
Tampa Bay, Florida. Bay is definitely a hot real estate market due to its home appreciation value, low unemployment rate, and surge of popularity during the pandemic, ranking it one of the hottest large housing markets in the U.S.
The area has seen a steady increase in home values, with the median home price rising by 8.2% in 2020. This is a great opportunity for potential buyers to invest in the area and take advantage of the low interest rates. The unemployment rate in Tampa Bay is also low.
Tampa has become one of the most desirable housing markets in the country due to its home appreciation value, low unemployment rate, and surge in popularity during the pandemic. Bankrate even ranks it as one of the hottest large housing markets in the U.S.
The city has seen a steady increase in home values over the past few years, with the median home price rising by 8.2% in 2020. This is due to a combination of factors, including a strong job market, low mortgage rates and a strong economy. Not to mention a lack of buildable land in the hottest areas.
Yes, in some cases you may be able to live in a commercial property in Florida with the necessary permit.
However, you may need to obtain a special mixed-use permit in order to do so.
Nuveen is the clear leader in commercial property ownership, with a 605 million square foot portfolio valued at nearly $140 billion. Clarion Partners came in second place with 250 million square feet.
In Tampa, FL, commercial real estate options include strip plazas, 8-unit apartment buildings, car washes, ground leases, and NNN properties. NNN properties are also known as triple net lease properties where the tenant also pays taxes, insurance and maintenance. Contact us about any of the Tampa commercial property for sale below.
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Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787
