Tampa is hot, hot, hot for rentals right now
Tampa rent prices have increased 4 percent, almost double the national rate over the past year leaving many with sticker shock as the renegotiate their rental agreements or consider moving elsewhere. This rent increase is leading Tampa Bay millennials to look at housing differently with many opting to buy instead as rent prices surge. While Tampa rents are cheaper than some other cities in Florida (St. Pete and Miami to name a few), the rate of change is the shocker for current renters. With new apartment complexes seemingly going up every day near downtown (Harbour Island, Tampa Heights, etc.), it will surely be interesting to see how this affects our neighborhood.