At the end of April 2009 there were 44 condos listed for rent in the MLS, ranging from $750/month for a 1 bedroom condo at The Beacon to $4,800/month for a 3 bedroom luxury condo at Parkshore Plaza.
During April 14 condos were leased, giving a 3.4 month supply of rental condos in downtown St Petersburg. Leases ranged from $850 for a 1 bedroom condo at Bay Villas to $3,300 for a 3 bedroom luxury condo at 400 Beach.
The average condo leased ws 1m291 sq ft and rented for $1,569. The largest supply of condos has switched from 3 bedroom units to 2 bedroom units, which now have a 13 month supply.
Just over half of these rental condos do accept pets, and in most cases that is a determination made by the unit owner. There are usually weight restrictions on a pet.
Hi Sharon, it looks like your rental market is at least steady. I am looking forward to reading about all the tings you and Tami learned at the recent Blodhound Blog conference!
Our resale condos are above 2 years supply (ouch!) Hopefully those condos get full for summer!
Love the photo. You've detailed the market so well. I'm sure those looking for a condo to rent in downtown St Peterburg can make use of this information. Nice job.