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Rental Market Update
📊 Long-Term Rental Snapshot
Battling the slowest leasing season of the year…
Our company average over the last 30 days is 34 days on market for listing before we get an approved applicant nearly 15% faster than the national average for leasing currently.
However in just the last 2 weeks we had 3 listings move in under 21 days…
it is all about PRICE and AVAILABILITY!
Over 50% of our leads come after 5pm and on weekends. We have automatic follow up + personal follow ups with these leads to schedule showings, this helps us stay ahead of the curve by utilizing technology that allows for in person or self showings depending on the residents preferences, schedules, time of booking, etc.
(Data Last Updated in November) Per Zillow the average rental price across all property types in Tampa is $2,100 down from $2,200 a few months ago,
which is now up from 2% to 5% higher than the national average.
Lastly, the same property that is vacant and for rent now, compared to peak summer months, can experience lower rents by $50-150/mo.
📊 Short-Term Rental Snapshot
Tampa’s STR market remained lean in over the lats 2 months as we moved out of the seasonal low point. While demand stayed flat, pricing power held due to fewer listings competing for bookings. Compared to last year’s anomaly (when hurricanes drove up demand from displaced residents), this year feels calm, stable… and down.
Last 7 Days:
ADR held at $153 (↔), RevPAR at $102 (↑$2), and bookings ticked up slightly to 5,212 (↑8). Active listings fell again, from 5,763 to 5,402, a 6.3% weekly drop in supply.
Last 30 Days:
Revenue reached $2.65M (↑$40K), ADR dipped slightly to $157 (↓$1), and RevPAR rose to $96 (↑$2). Active listings declined from 5,898 in September to 5,362 a 9.1% monthly decline.
Last 365 Days:
ADR ended at $158 (↑$2 YoY), RevPAR rose to $108 (↑$2), and listings dropped from 7,208 to 5,362, marking a 25.6% year-over-year supply contraction.
Why listing counts vary:
The 7-day report reflects only listings that were live and bookable that week. The 30- and 365-day reports include part-time or intermittently online properties. As listings go offline, either temporarily or permanently, KPIs like ADR and RevPAR often appear stronger even if guest demand hasn’t grown.
Takeaway:
October/November marks a turning point. The market is stabilizing after hitting September’s seasonal low. Demand remains soft, but the exit of hosts has kept performance metrics healthy for operators still in the game. Those who stayed visible, adjusted pricing, and kept standards high are poised to benefit as demand begins to climb again heading into high season.
Tampa’s STR market hit the bottom of its typical seasonal slump in September. Demand softened further, but performance metrics continue to look solid for operators who remain active. The story remains the same: shrinking supply is driving pricing stability, not increasing guest demand.
❎Tampa Bay a “Buyers Market”
Tampa housing prices are down 5.1% over the past year
and goes pending in around 41 days.
St Petersburg housing prices down 9.9% over the past year
and goes pending in around 51 days.
Interest Rates & Economy Snapshot
US Economic Reports
The most recent jobs report states that Unemployment in Florida was 3.8% with the national average being 4.4%
(U.S. Bureau of Labor Statistics)
Tampa News @TampaTomorrow
6 New High Rises Nearing 40 Stores or More Will Modernize the Aging Tampa Skyline & Mini-Armature Works-Style Development in NoHo Begins Final Phase of Construction
St. Petersburg News @StPeteRising
Revised plans advance 13-story affordable housing tower in Downtown St. Pete & Opening of 42-story Art House condo tower welcomes its first residents
The Broker’s Corner:
Save Thousands This Year on Your Taxes!
*Consult your CPA and Tax Attorney!
1. Maximize Bonus Depreciation
Thanks to the new 2025 tax law, 100% bonus depreciation is back and permanent. That means you can fully deduct the cost of eligible improvements (like appliances, flooring, HVAC, or landscaping) in year one instead of over 5–15 years. Big upgrades = big write-offs.
2. Run a Cost Segregation Study
If you own rental property, a cost seg study lets you break down building components (cabinets, wiring, sidewalks, etc.) into shorter depreciation schedules. Pair this with bonus depreciation, and you could unlock tens of thousands in extra deductions this year — even on properties you’ve owned for years.
3. Prepay Expenses Before Year-End
Want to reduce your 2025 tax bill? Prepay deductible expenses like insurance, maintenance, or property taxes before December 31. It’s a simple strategy that puts more deductions on this year’s return.
4. Real Estate Pro Status = Extra Benefits
If you qualify as a “Real Estate Professional” under IRS rules, your rental losses (from depreciation or upgrades) may offset other income — including W2 income. This is one of the most powerful tax strategies for full-time investors or hands-on landlords.
5. Use the New $2.5M Section 179 Cap
The Section 179 deduction limit has been raised to $2.5M in 2025. If you own mixed-use or commercial rentals, or add business-use property like office equipment or security systems, you can write off the entire cost immediately instead of depreciating it slowly.
Book/Podcast/Video Recommendation
Clear Value Tax: https://www.youtube.com/watch?v=S5wwqMPvuLg
Fed’s Money Printing is About to Start…
Melt-Up Will Accelerate
All-In Podcast: https://www.youtube.com/@allin
Home Affordability Crisis…
💰Tampa Bay Investor Meetups
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. We’d love to see you out!
⭐⭐⭐⭐⭐ We’d love a 5 Star review!
💭Closing Thoughts
“Only when the tide goes out do you discover who’s been swimming naked.”
– Warren Buffet
See what else I’m up to: https://linktr.ee/Jeremykloter
That’s it for this month! See you next time!
