Rental housing shortage in Tampa

Vacancy rates in 2012 for all rentals fell from 9.6%  in 2011 to 5.6%. Single family home inventories shrunk from 4.3% to 1.4% in 2012 . Stronger job market, investor activity, a population increase of +2.5% since 2010, and increased rentals by snowbirds have contributed to this situation. Investors are renovating homes as fast as possible to meet the demand.