Downtown St. Petersburg Sublease

Downtown St. Petersburg

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,230
As of: December 9, 2016

Downtown St. Petersburg Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown St. Petersburg submarket is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decrease in rent.

Downtown St. Petersburg Listing Supply

In the last 90 days, 19 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Downtown St. Petersburg are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,230 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1953 and are Class A.

Downtown St. Petersburg Community

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 folk. Commuting close to 30 minutes 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 Downtown St. Petersburg.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown St. Petersburg.
Research