The Commercial Real Estate Alpha Site

We have taken a collection of data from New A-Class properties to C-Class properties to give you a basic idea of market rental rates in Sarasota, FL as of 4/16/2018

 

CLASS A Style Apartments

Base Rent Averages

Studio Average PSF = $2.46

1 Bedroom Average PSF = $2.42

2 Bedroom Average PSF = $2.16

 

The DESOTA – located in Downtown Sarasota (across from Whole Foods)

Built in 2017 & 2018

1 Bedroom $1,900 – $2,787  – SF (777-995) —  PSF ($ 2.45 up to $2.80)

2 Bedrooms $2,799 – $3,324 – SF (1,249 – 1,278) — PSF ($2.24 up to $2.60)

Tenants pay utilities + pet fees

 

 

CITYSIDE – Located in the heart of the Rosemary District and close to the bayfront

Built in 2017

1 Bedroom – $1,206 – $2,594 — SF (572 – 895) —– PSF ($2.11 up to $2.90)

2 Bedroom – $2,080 – 3,133 — SF (1,040 – 1,403) —- PSF ($2.00 up to $2.23)

Tenants pay utilities + pet fee + parking?

 

ELAN ROSEMARY – Located in the heart of the Rosemary district just North of Downtown Sarasota – Built in 2017 & 2018

Studio – $1,300 – $1,395 – SF (550 SF) —- PSF ($2.46)

1 Bedroom – $1,385 – $1,982 – SF (640 – 955) —- PSF ($2.07 up to $2.16)

2 Bedroom – $2,075 – $3,575 – SF (1,097 – 1,811) —- PSF ($1.89 up to $1.98)

Tenants pay utilities + pet fees

 

CLASS B Style Apartments

Base Rent Averages

1 Bedroom Average PSF = $1.73

2 Bedroom Average PSF = $1.51

 

HUNTINGTON PLACE – Located West of Beneva Rd and just South of 17th st

Built in 1987

1 Bedroom – $1,125 to $1,420 – SF (684-718) —- PSF ($1.65 up to $1.98)

2 Bedroom – $1,405 to $2,145 – SF (846 – 1074) —– PSF ($1.66 up to $2.00)

Tenants pay utilties + pet fees

 

 

TRADITION AT PALM AIRE – Located in Manatee County on North side of University Parkway (Sarasota location) – Built in 1991 & recently purchased and renovated

1 Bedroom $1,140 – $1,640 – SF (627 – 790) —- PSF ($1.82 up to $2.08)

2 Bedroom $1,330 – $1,875 – SF (1,015 – 1,069) —- PSF ($1.31 up to $1.75)

Tenants pay utilities + pet fees

 

 

TIMBER CHASE APARTMENTS – Located just West of Tuttle Ave and North of Fruitville Rd

Built in 1989

1 Bedroom $1,125 – 1,150 – SF (800) —- PSF ($1.43)

2 Bedroom $1,265 – 1,305 – SF (1,130) —- PSF ($1.14)

 

CLASS C Style Apartments 

Base Rent Averages

Studio Average PSF = $2.44

1 Bedroom Average PSF = $1.46

2 Bedroom Average PSF = $1.32

 

BellaSol Apartments – Located just South of Fruitville Rd and West of Beneva.

Built in 1983

1 Bedroom — $872 — SF 644 —- PSF $1.35

 

AVESTA GREENWAY – Located on South side of Fruitville Rd and just East of Beneva

Built in 1972

1 Bedroom $938 — SF 707 —- PSF $1.33

2 Bedrooms $1,038 — SF 866  —- PSF $1.20

 

 

L’ESTANCIA – Located on West side of Beneva Rd and just North of Clark Rd

Built in 1974

1 Bedroom $920 – $1,090 — SF (670-680) —- PSF ($1.37 up to $1.60)

2 Bdrm/2 Bath –  $1,115 – $1,325 — SF (990-1,003) —- PSF ($1.13 up to $1.32)

Tenants pay electric & Pet Fees — Cable included

 

 

BERTEL Apartments – Located on West side of Swift Rd just North of Proctor Rd

Built in 1972

1 Bedroom – $875 — SF (850) —– PSF $1.03

Tenants pay electric

 

APPLEGATE APARTMENTS – Located just South of 17th St and on the East side of Lockwood Ridge Rd – Recently purchased twice and renovated completely

Built in 1965

UNIT          BATH       Rent Range                SF               PSF

Studio	1 Bathroom	$965 – 985		400 Sq Ft	$2.44
1 Bedroom	1 Bathroom	$995 – 1,115		500 Sq Ft	$2.11
2 BRs	1 Bathroom	$1,195 – 1,265		800 Sq Ft	$1.54

Tenants pay electric and pet fees