A major trend in real estate, according to a recent article in the Tampa Bay Business Journal (see below), is individuals and businesses seeking “walkable urban environments.” Downtown Tampa is rapidly becoming more walkable and livable in its urban core. For example, the Riverwalk was just completed, and funding was just approved to move the University of South Florida Medical School downtown into the Channelside District. And those are just two of dozens of exciting developments.
Downtown Tampa is "where all the action is" in the Bay region's business community — at least according to PNC Bank.
The Pittsburgh-based bank moved to Tampa City Center in 2013, consolidating three Westshore offices into one downtown location and emblazoning its name on top of the tower. That move is highlighted in a national report that studied companies that have relocated to or expanded in walkable downtowns. Cushman & Wakefield Inc. partnered with Smart Growth America on the survey, which studied the relocation of 500 companies nationwide.
"Having our headquarters for all of the Florida West market of PNC in downtown Tampa and being able to make ourselves known in the business community, by being able to see people and bump into them as you’re going out to lunch or to a meeting, is priceless. Downtown right now is where all the action is," Joe Meterchick, Florida West region president for PNC Bank, told the surveyors.
The survey found that no matter the size of the metro, companies are choosing walkable downtown districts over suburban locations, in an effort to "attract and retain talent and be closer to business partners and clients," among other reasons.
"For many companies, investing in a city’s center was an opportunity for good corporate citizenship and a way to use their sizable investing power for good. Some reported that triple-bottom line business practices came with the ancillary benefit of making them more attractive as an employer," according to the report.
If you’re thinking about relocating your home or business into Tampa, we can help! Contact us today!