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Investors Continue to Target Tampa’s Multifamily Market at Record Levels

CoStar Market Insights: First Half of 2019 Has Already Seen Nearly $1.5 Billion in Total Sales Volume
The Hermitage Apartment Homes sold in January for roughly $310,000 per unit.  Photo: CoStar
The Hermitage Apartment Homes sold in January for roughly $310,000 per unit. Photo: CoStar
By Brian Alford
CoStar Analytics
June 28, 2019 | 10:06 P.M.

Multifamily investor demand in Tampa has never been higher. After a record $2.8 billion in sales last year, the pace has only accelerated thus far in 2019. At $868 million in completed sales, the first quarter was the strongest first quarter ever recorded in the market's history, according to CoStar data. In fact, it was the second-strongest quarter Tampa has ever seen, trailing only the fourth quarter of 2018, which saw $906 million in completed sales.

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News | Investors Continue to Target Tampa’s Multifamily Market at Record Levels