The Urban Land Institute (ULI) has announced that Tampa Bay is expected to lead the nation in homebuilding in 2025, despite recent challenges from two major hurricanes. According to ULI and PwC’s Emerging Trends in Real Estate 2025 report, Tampa Bay ranks No. 1 in homebuilding prospects, surpassing major markets like Fort Lauderdale and California’s Inland Empire. Tampa Bay also climbed significantly, reaching the No. 4 spot in ULI’s overall market rankings.
Resilience and Optimism Despite Hurricane Impact
Although hurricanes Helene and Milton recently affected Tampa Bay, ULI Tampa Bay’s executive director, Lee Lowry, remains optimistic about the area’s growth. “Our great quality of life, rising pay rates, gorgeous weather, and booming economy continue to make Tampa and St. Petersburg desirable places to work and live,” Lowry stated. Despite a damaged housing stock, the region is set to “build back stronger” as ULI members look to make positive changes in the market.
