RCA in the commercial property press:

Troubled Tampa Market Posts Solid One-Year Growth through First Quarter

Gulf Coast Business Review reports: While many had come to the conclusion that the over-built Tampa market should be left for dead, new data aggregated by Real Capital Analytics suggests just the opposite is happening in this tropical secondary market. The number of deals valued at over $10 million or more in Tampa occurring the in 12 months prior to March 31 doubled from the previous 12 month period.

Apartment properties were in high demand, with over 20 deals totaling $542 million trading during the one year period. Sales of office and hotel properties, of which the Tampa market has plenty (including many in various states of distress), were also impressive.

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Posted by: Nina Turner

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