RESIDENTIAL

Downtown Population Trends

Development activity over the past decade has significantly increased Downtown's housing stock, shifting it from primarily being a condo market to a more diversified housing mix that includes townhomes, rentals and an increasingly incentivized stream of workforce and affordable units.

18,500

Downtown St. Pete Population
+1,900 vs. 2020
+3,700 vs. 2015
Development activity over the past decade has significantly increased Downtown's housing stock, shifting it from primarily being a condo market to a more diversified housing mix that includes townhomes, rentals and an increasingly incentivized stream of workforce and affordable units.
Median Income Downtown
Educational Attainment of Bachelor’s Degree or Higher

55.1%

Percentage of population with a
Bachelor’s Degree or higher
51.4% vs. 2020
39.3% vs. 2015

Additional findings reflecting back on 2025:

  • Median age has decreased by approximately one year.
  • While still a majority share, renter-occupied residences have decreased by approximately three percentage points in favor of owner-occupied.
  • Household sizes are slightly decreasing, which is true of both owner-occupied and renter-occupied units.
Downtown’s population growth has been facilitated by rental market developments as opposed to condos or townhomes. Additions to Downtown’s apartment inventory over the past decade have shifted Downtown’s housing composition in favor of rental units. Condos currently comprise less than one-third of Downtown’s total housing inventory.
Downtown Units Type
Within the condo dwellings, there is an assumption that the owners are coming from out of state. In reality, fewer than two in five of Downtown’s new residents are coming from out of state and more than half are moving from elsewhere in Pinellas County.
Residential Development Pipeline

There is additionally an assumption that the moves are investment purchases rather than permanent homes. In an analysis of homestead claims, a larger share of condo parcels in Downtown claim homestead than condo parcels elsewhere throughout the City. More than half (58%) of Downtown condo owners claim homestead on the property. More Downtown condo owners claim homestead today than 10 years ago (47%), speaking to the draw and appeal of Downtown St. Pete’s brand of urban living today.

1,375

MARKET RATE RESIDENCES ‍UNDER CONSTRUCTION

5,780

MARKET RATE RESIDENCES PLANNED

202

AFFORDABLE & WORKFORCE HOUSING UNITS UNDER CONSTRUCTION

1,079

AFFORDABLE & WORKFORCE HOUSING UNITS PLANNED

By The Numbers

Employment
Education Pipeline
Office Space
Retail
By The Numbers

This section analyzes employment trends, the regional education pipeline, commercial real estate performance, retail market conditions, and residential development patterns. Together, these data points provide a comprehensive view of workforce dynamics, market strength, housing mix, and comparative positioning within a regional and national context.

LEARN MORE
Growing Tomorrow’s Talent

St. Petersburg is making intentional efforts to invest in strengthening the workforce pipeline - a pipeline that begins long before career decisions are being made.

LEARN MORE
Office Space

Downtown St. Pete had numerous wins on the office front in 2025, bucking national industry-wide uncertainty stemming from the economy, rise of AI and its potential impacts on jobs, interest rates and stock market volatility.

LEARN MORE
Retail

Downtown’s retail mix appeals to locals as well as visitors, integrates independent retailers with chains and reflects a mix of longtime tenants as well as new operators.

LEARN MORE

Development

Lifestyle

Transformational Projects

Downtown Population Trends

Development activity over the past decade has significantly increased Downtown's housing stock, shifting it from primarily being a condo market to a more diversified housing mix that includes townhomes, rentals and an increasingly incentivized stream of workforce and affordable units.

18,500

Downtown St. Pete Population
+1,900 vs. 2020
+3,700 vs. 2015
Development activity over the past decade has significantly increased Downtown's housing stock, shifting it from primarily being a condo market to a more diversified housing mix that includes townhomes, rentals and an increasingly incentivized stream of workforce and affordable units.
Median Income Downtown
Educational Attainment of Bachelor’s Degree or Higher

55.1%

Percentage of population with a Bachelor’s Degree or higher
51.4% vs. 2020
39.3% vs. 2015

Additional findings reflecting back on 2025:

  • Median age has decreased by approximately one year.
  • While still a majority share, renter-occupied residences have decreased by approximately three percentage points in favor of owner-occupied.
  • Household sizes are slightly decreasing, which is true of both owner-occupied and renter-occupied units.
Downtown’s population growth has been facilitated by rental market developments as opposed to condos or townhomes. Additions to Downtown’s apartment inventory over the past decade have shifted Downtown’s housing composition in favor of rental units. Condos currently comprise less than one-third of Downtown’s total housing inventory.
Downtown Units Type
Within the condo dwellings, there is an assumption that the owners are coming from out of state. In reality, fewer than two in five of Downtown’s new residents are coming from out of state and more than half are moving from elsewhere in Pinellas County.
Residential Development Pipeline

There is additionally an assumption that the moves are investment purchases rather than permanent homes. In an analysis of homestead claims, a larger share of condo parcels in Downtown claim homestead than condo parcels elsewhere throughout the City. More than half (58%) of Downtown condo owners claim homestead on the property. More Downtown condo owners claim homestead today than 10 years ago (47%), speaking to the draw and appeal of Downtown St. Pete’s brand of urban living today.

1,375

MARKET RATE RESIDENCES ‍UNDER CONSTRUCTION

5,780

MARKET RATE RESIDENCES PLANNED

202

AFFORDABLE & WORKFORCE HOUSING UNITS UNDER CONSTRUCTION

1,079

AFFORDABLE & WORKFORCE HOUSING UNITS PLANNED

By The Numbers

Employment
Education Pipeline
Office Space
Retail
By The Numbers

This section analyzes employment trends, the regional education pipeline, commercial real estate performance, retail market conditions, and residential development patterns. Together, these data points provide a comprehensive view of workforce dynamics, market strength, housing mix, and comparative positioning within a regional and national context.

LEARN MORE
Growing Tomorrow’s Talent

St. Petersburg is making intentional efforts to invest in strengthening the workforce pipeline - a pipeline that begins long before career decisions are being made.

LEARN MORE
Office Space

Downtown St. Pete had numerous wins on the office front in 2025, bucking national industry-wide uncertainty stemming from the economy, rise of AI and its potential impacts on jobs, interest rates and stock market volatility.

LEARN MORE
Retail

Downtown’s retail mix appeals to locals as well as visitors, integrates independent retailers with chains and reflects a mix of longtime tenants as well as new operators.

LEARN MORE

Development

Lifestyle

Transformational Projects

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