Tampa Bay ranks second nationally for decreasing rents
November 13, 2024 - A recent Redfin report found that year-over-year monthly rents fell by 8.5% in Tampa Bay, the second-sharpest decline among the nation’s major metropolitan areas. Raleigh, North Carolina rents decreased 8.8% in October, to $1,450. While the median asking price in Tampa Bay is still $1,736, the real estate platform’s senior economist said supply now outweighs demand.