Downtown St Petersburg Condo Rentals Market Report March 2009

sharonsimms — Wed, 01 Apr 2009 23:49:53 +0000

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Downtown St Petersburg condo rentals – Market Update -March 2009

As of the end of March 2009, there are 46 condos in downtown St Petersburg Florida offered for rent through the Multiple Listing Service, ranging from $800/month for a 1 bedroom unit to $5,250/month for a 3 bedroom unit. Only 11 were rented during March, ranging from $795/month to $3,750/month. There is currently a 4.2 month supply of condos listed for rent. This ranged from a 1.8 month supply for 2 bedroom units to a 9.5 month supply of 3 bedroom units.

Condos with the most units available for rent are 400 Beach and McNulty Station, with 6 units each, followed by Parkshore Plaza, the Madison, and Bayfront Towers, with 5 condos each. One unusual offering is a furnished 3 bedroom condo at the Florencia, offered for a six month rental at $3,000/month.

The “average” rental condo in downtown St Petersburg Florida currently on the market has 1,752 sq ft and is offered for $2,433/month. The “average” condo actually rented during March 2009 in downtown St Petersburg has 1,590 sq ft and was leased for $2,122/month. The average time on the market was 226 days.

For details, go to …

Downtown St Petersburg Condo Rentals

Available end of

Mar-09

Compiled

4/1/2009

Downtown St Petersburg Condo Rentals

Leased during

Mar-09

Compiled

4/1/2009

Florida Simms » Condo Rentals

Downtown St Petersburg Condo Rentals Market Report March 2009