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January 2018

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What Makes The Tampa Bay Area Such A Millennial Magnet?

Written by , Posted in Business, Fun Stuff, Tampa Bay

 

TIME recently released a list of the top 25 cities where millennials are moving. Among the major hubs listed — like Austin, Los Angeles, and New York — was Tampa, alongside St. Pete and Clearwater. The Tampa Bay area experienced a 3.6% increase in millennial population since 2010 — roughly 2,171 residents!

Forbes also included Tampa in a list of cities with strong startup cultures, to quote:

“Increasingly Tampa, Florida is coming out on top, ranking at the number-one city people moved to in 2016, according to Realtor.com. It also ranks as the hottest city for start-ups, according to Fortune, the most pet-friendly, claims RewardExpert and the best overall city in the Southeast, says Money magazine.”

Tampa is also embracing Millennials’ preferences for scaling down by becoming one of the first major U.S. cities to develop micro-apartments. Urban Core Holdings is converting the top eight floors of a 12-story building into 300-400 square feet micro-apartments. For $850 a month, renters will get a kitchen with a two-burner stove top, refrigerator, dishwasher, a stackable washer-dryer unit, as well as a bike rack and a Murphy bed that transforms into a dining table. Earlier in 2017, Investopedia noted that Tampa has one of the nation’s healthiest housing markets.

Millennials aren’t just about their careers. They love their downtime. The craft beer industry is also booming in Tampa Bay. The recognition the city has received due to its premier brewers (i.e. Cigar City, Coppertail Brewing, New World Brewery) has helped draw visitors-turned-residents. The new businesses have added variety to Tampa’s booming job market. From Tampa International Airport to The Hall on Franklin, major businesses are looking to attract the top talent from around the world.

References:

https://www.forbes.com/sites/larissafaw/2017/04/25/why-are-so-many-millennials-become-tamprenuers/2/#4ba5adeea53f

https://thatssotampa.com/tampa-ranks-top-spot-millennials-moving/

 

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