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Introduction

An improving local economy in Tampa helped drive significant new apartment construction in 2014. The metro recorded a 10-year high in terms of new demand in 2014. It is unclear whether such strong demand trends will continue absent a more robust national economic recovery.

LIVING IN APARTMENTS

Renting can be smart choice for a wide range of individuals and families across all income levels. That’s why a diverse array of people call apartments home.

Apartment Residents
389,338
Spending Power
$2,776,154,160
Direct Jobs Supported
21,738
Total Economic Contribution
$5,216,948,898
Total Jobs Supported
56,506
Married couple with no children
10%
Married couple with children
8%
Single Individual living alone or with roommates
69%
Single Parent
13%
1 Person Household
51%
2 Person Household
26%
3 Persons or More in Household
23%
13%

of population lives in apartments

Managing Apartments

Apartment homes are economic engines, driving dollars and jobs that strengthen local communities.

Total Apartment Homes
184,845
Operation Dollars Spent
$707,459,344
Direct On-site Jobs
4,666
Total Economic Contribution
$1,312,384,483
Total Jobs Supported
11,483
5 to 9 apartment homes per building
27%
10 to 29 apartment homes per building
34%
20 to 49 apartment homes per building
16%
50 apartment homes per building or more
23%

Building Apartments

Apartment construction continues as a bright spot in the economy, helping lead the housing recovery.

Construction Dollars Spent
$311,962,942
Direct Jobs
1,899
Total Economic Contribution
$639,804,798
Total Jobs Supported
5,994
Apartments Built 1959 or earlier
6%
Apartments Built 1960 to 1979
28%
Apartment Built 1980 - 1999
41%
Apartments Built 2000 or Later
24%
37%

Multifamily Percentage of Total Building Permits