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Tampa Area Information

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Tampa Area Information Overview

Tampa is a part of the metropolitan area most commonly referred to as the Tampa Bay Area. For US Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area (MSA). The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in Florida, and the fourth largest MSA in the southeastern United States, behind Miami, Washington, D.C.and Atlanta.The Greater Tampa Bay area has more than 4 million residents and generally includes the Tampa and Sarasota metro areas.

The Tampa Bay Partnership and US Census data showed an average annual growth of 2.47 percent, or a gain of approximately 97,000 residents per year. Between 2000 and 2006, the greater Tampa Bay market experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million people mark on April 1, 2007.  A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people and a 2017 projection of 4,536,854 people.

Tampa Area Information Sunshine Skyway Bridge

Tampa has a number of sports teams, such as the Tampa Bay Buccaneers of the National Football League, the Tampa Bay Lightning of the National Hockey League, and the Tampa Bay Storm of the Arena Football League. The Tampa Bay Rays in Major League Baseball and the Tampa Bay Rowdies of the North American Soccer League play their home games in neighboring St. Petersburg, Florida.

In 2008, Tampa was ranked as the 5th best outdoor city in America by Forbes. A 2004 survey by the NYU newspaper Washington Square News ranked Tampa as a top city for “twenty-somethings.” Tampa also ranks as the fifth most popular American city, based on where people want to live, according to a 2009 Pew Research Center study. Tampa is now ranked as a “Gamma+” world city by Loughborough University. According to Loughborough, Tampa ranks alongside other world cities such as Phoenix, Indianapolis, Rotterdam, and Santo Domingo.  In recent years Tampa has seen a notable upsurge in high-market demand from consumers, signaling more wealth concentrated in the area.[22] Tampa hosted the 2012 Republican National Convention.

Tampa Area Information St Petersburg Skyline

Tampa Area Economy

Service, retail, finance, insurance, shipping by air and sea, national defense, professional sports, tourism, and real estate all play a vital role in the Tampa area economy. Hillsborough County alone has an estimated 740,000 employees, a figure which is projected to increase to 922,000 by 2015. Many corporations, such as large banks and telecommunications companies, maintain regional offices in Tampa.

Several Fortune 1000 companies are headquartered in the metropolitan area, including OSI Restaurant Partners, WellCare, TECO Energy, and Raymond James Financial.

MacDill Air Force Base also remains a major employer as the parent installation for over 15,000 active uniformed military, Department of Defense (DoD) civil service and DoD contractor personnel in the Tampa Bay area. A significant majority of the civil service and contractor personnel are, in fact, themselves retired career military personnel. In addition to the 6th Air Mobility Wing, which is “host wing” for the base, MacDill is also home to Headquarters, United States Central Command (USCENTCOM), Headquarters, United States Special Operations Command (USSOCOM), the 927th Air Refueling Wing, Headquarters, United States Marine Forces Central Command (USMARCENT), Headquarters, United States Special Operations Command Central (USSOCCENT), and numerous other military activities of the active and reserve components of the armed forces.

Tampa Area Information Downtown Tampa Aerial Photo

Downtown Tampa is undergoing significant development and redevelopment in line with a general national trend toward urban residential development. The Tampa Downtown Partnership notes development proceeding on 20 residential, hotel, and mixed-use projects as of April 2007. Many of the new downtown developments are nearing completion in the midst of a housing market slump, which has caused numerous projects to be delayed or rethought, and some of the 20 projects TDP lists have not broken ground and are being refinanced. Nonetheless, the developments that are nearing completion should lead the way towards making downtown Tampa into a 24-hour neighborhood instead of 9 to 5 business district.

Tampa residents face another year of declining rental rates, which is expected to equate to a decrease of 2% next year. Nationally rent has decreased 4%. The Tampa Business Journal found Tampa to be the number two city for real estate investment in 2014.

Tampa’s port is now the seventh largest port in the nation and Florida’s largest tonnage port, handling nearly half of all seaborne commerce that passes through the state. Tampa currently ranks second in the state behind Miami in terms of cruise ship travel. Besides smaller regional cruise ships such as Yacht Starship and SunCruz Casino, Tampa also serves as a port of call for three cruise lines: Holland America’s MS Veendam, Royal Caribbean’s Grandeur of the Seas, and Carnival’s Legend and Inspiration, with Norwegian Cruise Lines making their debut in Tampa in February 2014. The main server farm for Wikipedia and other Wikimedia Foundation projects is located in Tampa.

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