Downtown St Petersburg Condos Rental Market Update - October 2008
St Petersburg, Florida November 15, 2008


Downtown St Petersburg Condos Rental Report for October 2008
St Petersburg, Florida November 15, 2008

Downtown St Petersburg condo rentals as of November 1, 2008 ranged from $750/month for a small 1 bedroom unit at either Bay Villas or Flori de Leon (age 55 and older) to $5,000/month for a 3 bedroom unit at Parkshore Plaza. There were 45 units available, a decrease from a month earlier. Most of these are annual rentals. According to the Pinellas Realtor Organization, these were available:

1 bedroom units: 17 available, from $750/month to $2,000/month
2 bedroom units: 17 available, from $1,100/month to $5,000/month
3 bedroom units: 11 available, from $1,950/month to $5,000/month


Condos rented during October 2008 are:
1 bedroom units: 2 leased, ranging from $850/month to $1,700/month
2 bedroom units: 2 leased, ranging from $1,650/month to $2,250/month
3 bedroom units: 1 leased at $5,000/month.

Downtown St Petersburg currently has a 9 month inventory of condo units available for rent: a 8½ month supply for 1 and 2 bedroom condos, and an 11 month supply for 3 bedroom condos.

Please contact The Simms Team at ALVA International, Inc. in downtown Saint Petersburg, Florida, for additional information on any particular condo building, or regarding your specific requirements.