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News Article

6/30/2014 - Lease Rates - Midyear 2014

The rental rates charged by owner/investor units continue to lag those of the "Developer" by about $180/month for townhomes and $118/month to $143/month for 2 and 3 bedroom condos.
 
    Units
Leased
Median
Lease
Min.
Lease
Max.
Lease
Townhomes        
   Owner/Investor Leased 22 $1537 $1250 $1800
   Green Cay Rentals Leased 23 $1717 $1680 $1755
   Spread        
Condos - 2 Bedroom        
   Owner/Investor Leased 31 $1150 $850 $1300
   Green Cay Rentals Leased 32 $1268 $1230 $1305
Condos - 3 Bedroom        
   Owner/Investor Leased 20 $1275 $1000 $1400
   Green Cay Rentals Leased 31 $1418 $1380 $1455
         
Palm Park - 1 Bedroom All $885
Palm Park - 2 Bedroom All $1040
Palm Park - 3 Bedroom All $1183

Includes cable, washer/dryer, water, sewer, and trash.

*Median - the middle number of a group of numbers; that is, half the leases have values that are greater than the median, and half the leases have values that are less than the median.

In looking at this data, it is clear to me that owners/investors can charge higher rents, at least to the point of getting their rents to the Green Cay Rentals median amount.


Peter Schulz - Editor - Email TCRM

 
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