Commercial Real Estate Report - Tampa-St. Petersburg, FL [Apartment]

Property Type

View market and submarket information on Apartment space in Tampa-St. Petersburg, Florida. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Tampa-St. Petersburg, Florida.

Boundaries

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Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Tampa-St. Petersburg, FL - Entire Metro
Submarkets
Pinellas Beaches -150 bps
Largo -90 bps
Westshore -70 bps
University North -70 bps
Pinellas Park -40 bps
North Pinellas -30 bps
North Hillsborough -30 bps
Brandon/Plant City -30 bps
MacDill AFB -30 bps
Sulphur Springs -30 bps
Central Tampa -20 bps
University South -20 bps
North St. Pete -20 bps
Pasco County 50 bps
Clearwater 60 bps
Temple Terrace 90 bps
Central St. Pete 90 bps

Recent Sales

Cap Rate Trend

Sales Trend

Q1
2013
Q4
2012
Q3
2012
Q2
2012
Mean 6.9% 6.6% 6.4% 5.4%
Median 7.8% 6.4% 6.6% 5.1%
12 Month Rolling 6.3% 6.4% 6.5% 6.6%

Commercial Real Estate News

Headline Date
 

Recent Rent Observations

Location ID Class Rent
Brandon/Plant City A7983 BC $789
Brandon/Plant City 23888 BC $328
Temple Terrace A8096 A $898
Central Tampa 00871 A $2,004
Central Tampa 38464 BC $803
Sulphur Springs 25766 BC $721
Sulphur Springs 23461 BC $725
Central Tampa 23463 BC $910
Central Tampa A7947 BC $793
Sulphur Springs A8071 A $1,195

Change From Previous Quarter

Market Rent Vac Inv
Tampa-St. Petersburg 0.2% -10 bps 0.0%
South Atlantic Region 0.2% -10 bps 0.0%
United States 0.2% -10 bps 0.0%

Metro vs. Region 0.0% 0 bps 0.0%
Metro vs. US 0.0% 0 bps 0.0%

Latest New Construction Updates

National Apartment Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Apartment Rankings (Q1 2013)

Based on 275 U.S. Markets
Value:
169. Richmond, VA 5.1%
170. Wichita, KS 5.1%
171. Atlantic-Cape May, NJ 5.2%
172. Dallas, TX 5.2%
173. Sherman-Denison, TX 5.2%
174. Tampa-St. Petersburg, FL 5.2%
175. Vineland, NJ 5.2%
176. Champaign, IL 5.3%
177. Fort Wayne, IN 5.3%
178. Monroe, LA 5.3%
179. Orlando, FL 5.3%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Tampa-St. Petersburg 0.6% 560 bps 0.6%
South Atlantic Region 1.2% 553 bps 0.9%
United States 0.9% 485 bps 1.0%

Metro vs. Region -0.6% 6 bps -0.3%
Metro vs. US -0.3% 75 bps -0.4%