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The construction of Tampa condominiums is becoming a major episode in Florida's Tampa Bay area. Tampa condominiums have spectacular views. Tampa Bay is really not only about Super Bowl, more and more people are coming to acquire new condo units for other reasons. Some investors purchase units even before they build them, at profits as much as 25%. People want to invest their money in condos because it is safer.

A huge number of investors put their money on real estate investments because it's safer, other people buy Tampa condominiums as retire homes in Florida. It is a low interest for condos market in Tampa Bay. However, purchases mean buying with mortgage and with cash to units priced higher then $500.000. Price are estimate from $300.000 to $1.000.000 and has a big tendency to rise.

In 2005 Tampa condominiums market as 40 communities, equivalent to 14,231 apartments units, dominated Tampa Bay, and were purchased by constructors so that they would be converted to condos. Year 2005 represents a big increase for condos interest in Tampa Bay, comparing with 2004 as much as 4 times higher. In 2006, Tampa Bay saw a little decline in interest for Tampa condominiums.

The trend for conversions of Tampa condominiums is a very dangerous trend for the number of apartments in the Tampa area because the number of new built condominiums is continually shrinking. The basic law of economy, the law of supply and demand applies perfectly here: in fact this law is even being exercise in the condominium market of Tampa. Apartment deliveries are still low despite the fact that the developers are putting in a lot of effort, there effort is in vain because the shortage of developable land as well as increasing construction costs. The combined force of these two major factors sums up in noteworthy difficulty that prevents the developers to enter the Tampa condominiums market. As the descending trend of the delivery new rental units in Tampa condominium market continues to go down, strong rent growth at existing properties are expected to persist.

Because of the shortage of developable land as well as increasing construction costs, Tampa condominiums deliveries remain low. But these factors don't scare big investors away from the Tampa condominiums market.

In the first quarter of 2006 rent has increased with an average of 5, 5% over the corresponding period in 2005, when it reached $819.

The increase in the number of supermarkets and certain proprieties had a boost of about 10-20%. Rents are around $700 to $1000 per month depending of the location. Prevailing averages are around $805 to $834.Tampa Bay is one of the Florida's most highly occupied rental markets, and this is because of the steady growth in occupancies since 2003. Minimal signs of development are showed in the Tampa condominiums market over the past years. Developers moved north into Pasco Country that added 1460 rental units, one of the biggest increases in condos supply through the state. In 2005 14.000 units were purchased, but was still not enough for Pasco's Growth.