St Petersburg, Florida Commercial Real Estate 0 Listings

St Petersburg, Florida: A Premier Destination for Commercial Real Estate

Introduction

St. Petersburg, Florida, affectionately known as "The Sunshine City," offers a vibrant commercial real estate (CRE) market driven by its robust economy and strategic location. As the fifth-largest city in Florida, St. Petersburg boasts a diverse economy with significant industry clusters in healthcare, financial services, marine and environmental sciences, and arts and culture. Its unique positioning as a coastal city enhances its attractiveness for various CRE opportunities.

Economic and Industry Overview

St. Petersburg's economy is thriving, fueled by major industries like healthcare, financial services, and marine sciences. The city hosts prominent healthcare institutions and research centers, which create a steady demand for office and medical spaces. The financial services sector, with key players such as Raymond James and Jabil, contributes significantly to the local economy, driving demand for office real estate. The marine and environmental sciences industry, supported by institutions like the University of South Florida St. Petersburg, necessitates specialized facilities and industrial spaces.

The St. Petersburg Economic Development Corporation actively supports economic growth through various initiatives, promoting business expansion and attracting new ventures.

Strategic Location and Transportation Infrastructure

St. Petersburg's strategic location offers excellent connectivity via major highways, ports, and airports. The city is accessible through Interstate 275, providing seamless connections to the greater Tampa Bay area. The Port of St. Petersburg is a vital hub for marine commerce, while the nearby St. Pete–Clearwater International Airport facilitates domestic and international travel. This robust transportation infrastructure supports efficient distribution and access to labor pools, enhancing the city's logistical advantages.

Commercial Real Estate Inventory & Zoning

St. Petersburg's commercial real estate landscape is diverse, featuring several key submarkets:

Central Business District (CBD): A bustling area with high demand for office and retail spaces.
Gateway/Carillon: Known for its concentration of corporate headquarters and Class A office spaces.
Warehouse Arts District: A hub for creative industries and innovative workspaces.

The city offers a range of asset classes, including industrial, retail, flex, office, and medical spaces. Recent zoning changes and incentives, such as Opportunity Zones, encourage development and investment. For detailed zoning information, visit the St. Petersburg Zoning Map.

Major Employers and Institutions

Key employers and institutions driving CRE demand in St. Petersburg include:

Raymond James Financial: A major player in the financial services industry.
Jabil: A leading electronics manufacturing services company.
BayCare Health System: A significant healthcare provider in the region.
University of South Florida St. Petersburg: An influential educational institution contributing to the local economy.

For more information on major employers, refer to the St. Petersburg Economic Development Corporation's business directory.

Notable Commercial Developments & Projects

St. Petersburg is home to several large-scale development projects, such as:

The Innovation District: A mixed-use development focusing on research and technology.
The Edge District: A vibrant area undergoing revitalization with new retail and residential projects.

Public-private partnerships and Opportunity Zones further enhance development prospects in the city. For project details, visit the St. Petersburg Planning & Development Services.

Building Permits, Planning, and Development Tools

Access essential resources for development in St. Petersburg:

Market Data & Economic Reports

Explore public data and economic reports for St. Petersburg:

Leverage Brevitas' AI-powered aggregation from public data and internal insights. Discover more with Brevitas-powered dashboards for St. Petersburg here.

Why Use Brevitas for St Petersburg, Florida CRE?

Brevitas offers a cutting-edge platform for CRE professionals in St. Petersburg, featuring:

AI-driven CRE discovery
Real-time market alerts
Smart property pages
Dealroom collaboration

Unique features include auto-generated listing pages, email and landing page tools, integration with brokers and developers, exclusive listings, and premium exposure. Explore how Brevitas can enhance your CRE endeavors in St. Petersburg.