On average, listings lease in the $20's per square foot per year. The Downtown St. Petersburg region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
In the last 90 days, 30 listings have come on the market, which means new availabilities might be going fast. 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 focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this market 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 region. 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.