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The DORAN JASON Group of Tampa Inc. |
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Located in the Central Business District for the City of Tampa, the property is well positioned along the northern end of downtown.
The site enjoys easy access to Interstate 275, is located on the downtown trolley route, and is located on the major bridge/overpass to the University of Tampa.
The subject property is located in the Tampa-South trade area as determined by the Apartment Index, a RealData publication on apartments covering the Tampa MSA. Currently the Tampa-South submarket contains 5,201 units that make up 4.7% of Tampa's apartment supply. Currently, the Tampa-South Submarket has a 1.6% vacancy rate and average rents of $931 or $1.16/sf (the highest in the MSA). Same store rents have increased 6.2% over last year. |
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Cantera Consultant & Advisors performed a comparison shop and rent survey analysis on newer competing communities in the area and found rent levels between $2.03/sf for studios to $1.58/sf for three bedroom units. |
