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Downtown St Petersburg Condo Rentals – Market Report September 1, 2008

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Downtown St. Petersburg Condo Rental Report for August 2008

 

Downtown St Petersburg condo rentals as of September 1, 2008 ranged from $700 for a small 1 bedroom unit to $5,500 for a 3,000 sq ft 3 bedroom unit. There are 51 units available, a 10% increase over July. A one year minimum rental period is typical; a few allow pets; a few are age restricted. All of these statistics are from the Pinellas Realtor Organization.

 

The available units are:

  • 1 bedroom units:  16 available, ranging from $700/month to $2,000/month
  • 2 bedroom units:  20 available, ranging from $975/month to $4,000/month
  • 3 bedroom units:  15 available, ranging from $2,800/month to $5,500/month

 

Condos rented during August 2008 are:

  • 1 bedroom units:  5 leased, ranging from $950/month to $1,150/month
  • 2 bedroom units:  4 leased, ranging from $1,400/month to $1,900/month
  • 3 bedroom units:  0 leased.

 

The supply of condo units in downtown St Petersburg has stayed constant at 5.7 months. There is a 3 month supply of 1 bedroom units, a 5 month supply of 2 bedroom units. For 3 bedroom units, 2 have leased in the last 3 months, giving a 22.5 month supply.

 

Please contact The Simms Team at RE/MAX Metro in downtown Saint Petersburg, Florida, for additional information on any particular condo building, or regarding specific requirements.

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