Good time to buy real estate in Bay County?
The future has never been brighter for the communities of Bay County and northwest Florida. Following hurricane Michael, the recovery and economic growth has accelerated beyond all expectations. First, the $5.2 billion rebuild of Tyndall Air Force base is the largest recorded Air Force reconstruction project of record. The rebuild will result in the bed down of three F-35 fighter squadrons securing a stable future for the base. Tyndall AFB and Naval Support Activity Panama City contribute $3.148 billion annually in GDP, which is 34.6 of the local economy. Florida and Bay County have been discovered as an excellent place for new and expanding industry with major economic development projects announced and underway by the Bay EDA. Our local ship builder is constructing four offshore patrol cutters for the US Coast Guard and the company continues to thrive in multiple locations. Homebuilders and developers are building at a record pace to satisfy anticipated demand and regional road projects are moving forward quicky in support of the growth projections.
Knowledgeable and experienced real estate professionals at ERA Neubauer Real Estate are well-positioned to be your most effective advisor as you consider new opportunities.
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| 72 F-35s headed to Tyndall | USCG Offshsore Patrol Cutter | Navy Ship-Shore Connector | NSA-PC and USCG-PC |
