Population Statistic: Read. React. Repeat.
Sunday, December 12, 2021

With each new condominium project that’s announced in downtown St. Petersburg, I keep wondering the same thing: Where are they going to find all the people required to fill those thousands of units?

Maybe I shouldn’t strain my brain over it. Condos are sprouting up all over the city, and there seems to be no danger of oversaturation.

Of course, what’s announced and what’s reality don’t always coincide. Plans are easy to publicize, and they serve the purpose of gauging market interest and prodding governmental cooperation. That doesn’t mean the concrete and steel will necessarily ever go up. And even when it does, there’s no guarantee that the buildings will all get filled. I work in downtown St. Pete, and I’d even consider moving there myself for the right deal; but I’ve already seen a few condo projects sitting empty or still-born (particularly those without a waterfront view), and I’m sure several of the ones currently in the works will never go anywhere.

- Costa Tsiokos, Sun 12/12/2021 06:19:13 PM
Category: Florida Livin' | Permalink |

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  1. […] th and West. More people keep moving in, and they’ve got to live and work somewhere. Just yesterday, I noted how my town was priming for that growth with a […]

    Pingback by THE NEXT QUARTER-CENTURY BUILDING BOOM Population Statistic — 12/13/2004 @ 09:37:46 PM

  2. From someone who works peripherally in the Real Estate industry, I can tell you that most of these condos will be purchased by speculators and investors, and part time residents. I talk to agents every day that sell units to well to do out of towners, sight unseen, in cash, and we’re talking quarter of a million dollars or more.

    There are people out there with money, they just aren’t making it here.

    Comment by The 'Belt — 12/15/2004 @ 10:19:31 PM

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