Saint Augustine, Florida Commercial Real Estate 11 Listings

Saint Augustine, Florida: A Premier Destination for Commercial Real Estate

Introduction

Saint Augustine, Florida, is a historic city known for its vibrant commercial real estate (CRE) market. As one of the oldest cities in the United States, Saint Augustine offers a unique blend of historical charm and modern economic opportunities. With a population of approximately 15,000, the city is part of the larger Jacksonville metropolitan area, providing access to a robust regional economy. Key industries include tourism, healthcare, education, and manufacturing, making Saint Augustine a strategic location for diverse commercial property types.

Economic and Industry Overview

Saint Augustine’s economy is driven by several major industries that significantly impact commercial real estate demand:

Tourism and Hospitality: As a historic city with numerous attractions, the tourism sector requires a range of retail and hospitality spaces.
Healthcare: The presence of healthcare facilities boosts demand for medical office buildings and related commercial properties.
Education: Institutions like Flagler College stimulate demand for student housing and retail services.
Manufacturing and Logistics: Proximity to Jacksonville enhances industrial real estate needs for manufacturing and distribution.

Regional economic development initiatives, such as those led by the St. Johns County Economic Development agency, actively promote growth and investment in these sectors.

Strategic Location and Transportation Infrastructure

Saint Augustine benefits from excellent transportation infrastructure:

Highways: Access to Interstate 95 and U.S. Route 1 facilitates efficient north-south travel along the East Coast.
Ports: Proximity to the Port of Jacksonville offers significant advantages for import/export businesses.
Airports: The Northeast Florida Regional Airport serves local and regional flights, while Jacksonville International Airport provides broader connectivity.
Rail Lines: CSX and Florida East Coast Railway support freight and commercial transport.

These logistical advantages make Saint Augustine an attractive hub for distribution and easy access to labor pools. For more details, visit the Florida Department of Transportation.

Commercial Real Estate Inventory & Zoning

Saint Augustine’s commercial real estate market comprises several key submarkets:

Central Business District (CBD): Offers a mix of retail, office, and hospitality properties.
Industrial Corridors: Located near major transportation routes, ideal for logistics and manufacturing.
Innovation Districts: Emerging areas catered to tech and creative industries.

The city provides incentives for developers, including Opportunity Zones and tax incentives. For current zoning information, refer to the City of Saint Augustine Zoning Maps.

Major Employers and Institutions

Significant employers and institutions influencing CRE demand include:

Flagler College: Drives demand for student and faculty housing, retail, and dining.
Flagler Health+: A major healthcare provider creating demand for medical office space.
St. Johns County School District: Contributes to stable employment and population growth.

For a comprehensive list of major employers, explore the St. Johns County Business Directory.

Notable Commercial Developments & Projects

Key developments in Saint Augustine include:

Mixed-Use Projects: Developments combining residential, retail, and office spaces.
Innovation Parks: Supporting tech and startup ecosystems.
Public-Private Partnerships: Collaborative projects enhancing community infrastructure.

For more information on approved projects, visit the City of Saint Augustine Planning Department.

Building Permits, Planning, and Development Tools

Access essential resources for CRE development:

Market Data & Economic Reports

Leverage public data for informed decision-making:

U.S. Census Bureau
City’s Open Data Portal
Economic impact reports from local agencies

Brevitas utilizes AI-powered aggregation from public data and internal insights to provide comprehensive market analyses. Explore our Brevitas-powered Saint Augustine City Search for more insights.