University Park - South Downtown Office Space

300 1st Ave S Space
Downtown St. Petersburg, St. Petersburg, FL
# SunTrust Office Building ## Green Today for a Better Tomorrow. At SunTrust Building, we are committed to doing our best to be a positive impact on our environment because we believe that a green today leads to a better tomorrow.  In Florida's first "Green City", is there any other option? #### Our Story Our story starts not unlike most business stories, in search of cutting costs and making money.  In 2010, our very own Scott Gramling, CEO of Wallace, Welch, and Willingham, set out to find a solution to the energy costs in the building.  Eventually, Scott decided on a solution that reduced energy costs through a combination of technologies including a solar electric system, improved ventilation, and tinted window film.   Our story may have started in search of cost-savings, but something happened along the way.  We realized that although the cost-savings are nice, that the true reward was knowing that our actions have a true impact on our tomorrow.  That's why we haven't stopped there - we've changed the way we do everything from energy consumption to janitorial solutions. #### Green Amenities - 50-kilowatt solar electric system with solar panels - Upgraded lighting with LED lights - Ventilation and HVAC improvements - Eco-friendly cleaning and waste management solutions - Low-flow water conservation fixtures - Recycling programs - Minimal building operating costs   * * * #### Building Details Our commitment to sustainable energy enables us to offer the most competitive rates among Class A office buildings in the St. Petersburg CBD.  SunTrust Building tenants enjoy world-class amenities and a personally invested on-site ownership. #### World Class Amenities - Attached parking garage with 1.5/1,000 parking ratio - On-site ownership - 24/7 passcard system access and building security - Urban core location within walking distance to numerous restaurants, hotels, and retail services - Less than one-hour drive time to three different international airports

University Park - South Downtown

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
4,040
As of: March 12, 2017

University Park - South Downtown Rates

On average, listings lease in the $30's per square foot per year. The University Park - South Downtown submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.

University Park - South Downtown Listing Supply

In the last 90 days, 26 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 5 floors. Most buildings in this area were built in 1953 and are Class A.

University Park - South Downtown Community

A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst University Park - South Downtown occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in University Park - South Downtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in University Park - South Downtown.
Research