The typical asking rate per listing is in the $20's per square foot per year. The Downtown St. Petersburg submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 33 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the listings in the Downtown St. Petersburg are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this region were built in 1953 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Downtown St. Petersburg residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.