The typical asking rate per listing is in the $30's per square foot per year. The Downtown St. Petersburg submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.
In the last 90 days, 35 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available leases in the Downtown St. Petersburg are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,410 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this region were built in 1960 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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.