Housing, schools, parks and supermarkets – these are concerns of any business owner who wants to create a new company or relocate their existing one. These are concerns expressed by estate agents and business developers alike. This County is no exception to the rule.
The questions seem almost typical now. One of the main reasons for these question to arise is the change in demographics within the Pasco County. Living and working in the same county, preferably close to the job is ideal, but there are places, such as along the Road 54 and 56 the higher-end housing is the new status quo, suited for an educated workforce. And their numbers are growing.
Pasco County has changed in the last decade, and the locals agree. Mister Ryan, an economic development manager, working for the PEDC expressed their thoughts on the transition.
Pasco EDC’s third annual meet-the-
developers breakfast last week gathered together small business owners, lawyers, engineers and even bankers who are all part of the networking within the county. If someone wants to buy a home in the nearby development, they have to be ready to pay around $450,000 just east of Bruce B. Downs Boulevard. Demographic Change Coming to Pasco County has also changed the average age of the buyer. They have become younger, with better education and higher wages. The median income has risen by about 49 percent across the average home buyers within the county. People don’t want to be stuck in traffic, so owning property near work is the ideal solution for them.
The housing boom happened after the infrastructure in the county was improved via building shops, the campus, Pasco-Hernando College, the nearby hospital and other important infrastructural landmarks. The average sale price in January grew to $177,000, becoming a 24.2 percent rise above over a year earlier. What does that mean?
Quality is one of the first things which come to mind. President and CEO of the PEDC, Bill Cronin admitted that this is a different county than he remembers. Even though the housing market is booming, the presenters, also talked about changes in the industry and they had a couple of important points to make.
- 64 locations in Pasco County could be used for the growth of the industry. After certification, the sites will be made ready, and then national consultants will be able to talk to individual companies for relocating. Wiregrass Ranch is on the list of two Fortune 200 companies looking for new separate employment centers with a combined 1.8 million square feet needed.
- Newland Communities is going to build 1,720 homes as well as 562,000 square feet of offices and 94,000 square feet of retail space. This all is going to happen on 1,733 acres of land, but there have been talks on acquiring more land as the year goes on. The company has spoken about its plans for an addition of a 24-bed emergency room and medical office to the hospital.
Starkey Ranch has big building plans for later this year of a shopping center which is supposed to be finished in 2018.
- Saint Leo University will receive an addition of three other colleges/universities in the Epperson development. This is going to be the first smart gigabit community in the nation which is going to be built from start to finish with nothing previously in place.
If you are interested in information on homes for sale in Pasco County, FL, or any real estate in the Tampa Bay area, please contact Rose & Joe LoCicero at (813) 435-5411 or start your home search now.