Our Florida Research Team has released our 2018 Florida Population Reports, which predict growth patterns in major markets throughout the state.
While Tampa’s population won’t grow by as big a margin as other markets this year, the Tampa MSA will hold strong as the most populous market in the state and the 18th largest MSA in the country.
The Tampa Bay area’s population is expected to increase by 1.8 percent in 2018, from 3 million to 3.14 million year over year. Over the next five years, the area’s population is expected to surpass 3.3 million. In that same timeframe, the state’s overall population will increase from 21 million to 23.3 million.
Home values in the Tampa Bay will average $224,760 in 2018, which is a slight increase from the year before.
Supported by strong job growth and an improving economy, the Tampa Bay area is expected to see a whopping $68.3 billion in retail sales this year. That’s compared to $64.6 billion last year, and less that $50 billion five years ago.
With its increasingly business-friendly environment, further growth is anticipated as Tampa Bay continues to attract major companies from around the country.
See the full Tampa Population Report below and read the rest of the Florida Population Reports here.
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