St. Petersburg Times: Tampa Bay rental vacancies hit 10-year high

Tampa Bay rental vacancies hit 10-year high
James Thorner, Times Staff Writer

Posted: Jun 11, 2009 06:36 PM


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High unemployment is wreaking havoc on the Tampa Bay apartment rental market. Vacancies have risen to 10 percent, the highest in at least a decade. The area's average rent is $819, a 4 percent decline from a year ago. The news comes from a report by Real Data Apartment Market Research. Even amid the general gloom there were pockets of pain and plenty. The lowest vacancy rate, 6.8 percent, was in and around Carrollwood, northwest of Tampa. Vacancies exceeded 13 percent in north Pinellas County and east/central Hillsborough County. Real Data doesn't expect tenants to reappear until jobs return. The Tampa Bay area shed about 56,000 jobs the past year. The glut of vacant houses across the region has also whacked demand for apartments.


http://www.tampabay.com/news/business/realestate/article1009439.ece

People have to pool their resources and help each other out. I would.

Was ticked that her apartment complex was raising her rent. So, she told them that she was going to leave. Lo and behold, they came up with a 3-bedroom apartment, ground level, that she could have for the same price as her raised rent on her 2-bedroom was going to be.

Keep going and it will rent. Everything will sell or rent at the right price.