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Cranes reappearing in downtown St Pete

Construction cranes are back in downtown St Petersburg

Construction Cranes are Back

Cranes are reappearing in downtown St Petersburg as hundreds of rental apartments are planned for downtown St Pete.  After a few years of stopped high-rise condo projects, it’s refreshing to see activity on some of the cleared, empty lots.  It’s a sign of spring and birds as we watch the construction.

This crane is at the corner of 6th St S and 4th Ave S  where Campbell Landings are going up. Plans are for this to be a 4 story building with 96 units of senior housing. The 1 and 2 Read the rest of this entry »

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Downtown St Petersburg rental market

Downtown St Petersburg including Vinoy Place condominiums

Downtown St Petersburg

The downtown St Petersburg rental market currently has very few choices for prospective annual renters. For short term vacation rentals there is generally nothing available – almost all of the downtown St Petersburg condos have a minimum one year rental period. Those few exceptions that allow shorter rentals limit the number of times a year the unit can be rented (one at Parkshore Plaza, three at Signature Place, for example). So, unless an owner is Read the rest of this entry »

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Downtown St Petersburg Condo Rentals Market Update 8-1-2012

Downtown St Pete from Ovation

Downtown St Petersburg condo rentals are still in scarce supply.  There are 40% more than a month ago, but since that’s only an increase from 6 to 10, that isn’t much choice available. The ten condos listed for rent in the MLS range from $1,100 per month to $4,700 per month.  The $1,100/month condo is a 2 bedroom 1 bath unit at The  Beacon with 997 sq ft. The $4,700/month condo is a 3 bedroom 3½ bath unit at 400 Beach with 3,072 sq ft.  The average rent is $2,656/month.

Only 1 of the 10 condo units offered for rent will allow a pet. In many cases, this is a condo rule; in other cases, it’s the owner’s preference.

During July, 8 condo units were leased, ranging from $1,000/month at The Beacon to $4,000/month at 400 Beach.

Here’s what’s available on August 1, 2012: Read the rest of this entry »

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