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đ Long-Term Rental Snapshot
Incentives are the name of the game! A few strategies some owners are opting to implement are a % of 1st months rent (or the entire month) free upon signing a lease. Although we are not huge proponents of a discounted deposit, that also is an alternative. As a company we are willing to refund (if resident is approved), application fees to also encourage applicants to apply!
Our company average over the last 30 days is 26 days on market for listing before we get an approved applicant nearly 50% faster than the national average for leasing currently.
(Data Last Updated in July) Per Zillow the average rental price across all property types in Tampa is $2,200 which is 4% higher than the national average.
Depending on the price of your rentals you can observe the supply challenges for different price points. $1,400-2,400 seems to be the most competitive price ranges.
Compared to just 30 days ago, there is SIGNIFICANT competition, increased by 10%+ of supply in the $1,300-2,500/mo. range. If you have vacancies in that area just know that its a battle right now.
đ Short-Term Rental Snapshot
 Tampaâs STR market saw a modest rebound in July, but growth is driven by fewer listings, not stronger demand. Supply continues to shrink, allowing remaining operators to capture more bookings.
Last 7 Days: ADR hit $154 (â$6), RevPAR $99 (â$2). Bookings rose to 5,139 (â247). Active listings declined from 6,896 to 6,264 (â9.2%), showing a sharp weekly supply drop.
Last 30 Days: Revenue reached $2.49M (â$107K), ADR $158 (â$3), RevPAR $92 (â$4). Listings fell from 6,999 in June to 6,458 in July (â7.7%), further tightening competition.
Last 365 Days: ADR $155 (â$7 YoY), RevPAR $104 (â$12). Active listings dropped from 8,659 to 7,626, a 12% year-over-year supply decline.
Why the differences in listings? The 7-day report shows only listings that were live and bookable that week, while 30- and 365-day reports include properties active part-time. This explains why KPIs rise even as demand stays flat â fewer competitors are capturing more of the market.
Takeaway:Â Julyâs revenue bump came from shrinking supply, not growing demand. Total booked nights remain flat versus last year. Operators who stay visible, price dynamically, and deliver strong guest experiences will outperform in this leaner market.
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âTampa Bay a âBuyers Marketâ
New data out shows a continued price compression especially in Pinellas county.
US Economic Reports
The most recent jobs report states that Unemployment in Florida for June was 3.7 with the national average being 4.1
(U.S. Bureau of Labor Statistics)
The graph below shows that there is a 97.9% chance of âNo Changeâ to interest rates at the upcoming FED meeting on July 30th, 2025.
However for the September 17th meeting, there is a 64.1% chance of some sort of reduction in rates.
Tampa News @TampaTomorrow
Buccaneer Bay Mini Golf – North Hyde Park
How many posts about North Hyde Park do we have to write before yâall start believing in the vision? Itâs there. Trust us! So, weâre casually surfing permits like we always do, and we stumble on a Design Exception filing these usually hint at something interesting.
âą This time, it was a request for 13 on-site parking spaces. Naturally, we kept digging. Glad we did. Turns out, those parking spaces are tied to 1002 N. Rome Ave, which is now set to become the Buccaneer Bay Mini Golf facility.
âą Not much is revealed in the permits about the layout itself, but when we started researching, a possible sister location popped up: Buccaneer Bay Mini Golf at the Santa Cruz Boardwalk in California. That one has 18 holes, a black-light cave, and a tight two-story layout. And the roofline? Itâs eerily similar to the old-school airport hangar that once housed Schillerâs Salvage here in NoHo exactly where this new concept is planned.
âą So, add this to the growing NoHo list: a future pickleball and dog park concept, beer garden, Giancarloâs restaurant with a bagel spinoff, Oro (Spanish food), Fresh Kitchen, CalorĂ©, Handelâs Ice Cream, The NOW Massage and way more coming!
St. Petersburg News @StPeteRising
Every month we host local meetups through www.tbreia.com where there are multiple meetings a month around the area. All meetings are 7-9pm with a wide variety of topics being discussed. Weâd love to see you out!
“Cash is King, Youâll never regret having too much of it on hand.â – Unknown
See what else Iâm up to:Â https://linktr.ee/Jeremykloter
Thatâs it for this month! See you next time!
