St. Petersburg, Florida
Commercial Real Estate

Tourism and hospitality. Tourism is a major pillar of St. Petersburg's economy, drawing millions of visitors each year. With its stunning beaches, cultural attractions, and pleasant year-round climate, the city is a top destination for tourists. This constant influx of visitors fuels demand for hotels, restaurants, and retail spaces, significantly boosting the commercial real estate market. Inquire about. Inquire about commercial real estate opportunities in this sector

Healthcare. St. Petersburg is home to several prestigious healthcare institutions, including Johns Hopkins All Children's Hospital and Bayfront Health St. Petersburg. This sector not only provides essential services but also creates numerous job opportunities. The growing demand for medical office buildings and healthcare facilities further drives the expansion of the commercial real estate market. Inquire about commercial real estate opportunities in this sector

Technology and innovation. The technology sector in the city is on the rise, with many startups and tech companies setting up shop in the city. Innovation districts and tech hubs, like the St. Pete Innovation District, foster a collaborative environment for tech entrepreneurs and businesses. This sector's growth fuels demand for office spaces and co-working environments, stimulating the commercial real estate market of St. Petersburg, FL. Inquire about commercial real estate opportunities in this sector

Financial services. With major financial institutions and insurance companies such as Raymond James Financial headquartered here, the city is a significant financial hub. The stability and growth of this sector drive the need for premium office spaces. Inquire about commercial real estate opportunities in this sector

Job market overview. St. Petersburg's job market is resilient, with continuous job creation and an unemployment rate consistently below the national average. The healthcare sector remains a significant employer, followed by the education and financial services sectors. The tech industry is also making notable strides, attracting a younger workforce and fostering innovation.

Workforce development. St. Petersburg is dedicated to workforce development through various programs and initiatives aimed at enhancing skills and employability. Partnerships between local educational institutions, such as the University of South Florida St. Petersburg, and businesses ensure that the workforce is well-prepared to meet the evolving demands of the job market.

Future growth. The future of St. Petersburg's employment landscape looks bright, with continued growth expected in key industries. The city's strategic initiatives to attract and retain talent, along with its focus on innovation and sustainability, position it as a leading economic hub in Florida.

Multifamily. The multifamily real estate sector in St. Petersburg is robust, driven by a steady influx of young professionals and retirees. There is increased demand for apartments and condominiums and developers are responding by constructing modern multifamily complexes that offer amenities such as fitness centers, pools, and communal spaces. The downtown area and nearby neighborhoods are particularly popular, offering convenient access to workplaces, entertainment, and public transportation. Inquire about multifamily properties for sale in St. Petersburg, FL

Industrial real estate. The rise of e-commerce has played a pivotal role in the growing demand for warehouse and distribution centers. These properties are often situated near major highways and transportation hubs to facilitate efficient goods movement. Inquire about industrial real estate for sale in St. Petersburg, FL

Retail. The retail real estate sector in St. Petersburg, FL is adapting to changing consumer behaviors. Strip centers and retail centers are often anchored by grocery stores, fitness centers, and popular retail chains, ensuring steady foot traffic. Stand-alone retail properties, such as restaurants and specialty stores, benefit from high visibility and accessibility. Key retail corridors in St. Petersburg include the downtown area and major thoroughfares such as Central Avenue and 4th Street North. Inquire about innovative retail opportunities in St. Petersburg, FL

Office spaces. As businesses expand and new enterprises establish themselves in St. Petersburg, there is a growing need for state-of-the-art office buildings equipped with modern amenities, open floor plans, and efficient layouts. The downtown area, in particular, has seen a surge in office development due to the influx of tech startups and financial institutions in the city. Inquire about office spaces to accommodate tech startups in St. Petersburg, FL

Land. The land for sale in St. Petersburg offers diverse opportunities for development, especially in areas slated for redevelopment or near upcoming infrastructure projects. Investors and developers are drawn to the potential for land appreciation and the ability to shape new communities and commercial hubs. Coastal commercial land for sale St Petersburg, FL and parcels near downtown are particularly sought after for its strategic location and development potential. Inquire about land for sale in St. Petersburg, FL

Innovation District. This district is dedicated to advancing technology and scientific research. It includes institutions like the University of South Florida St. Petersburg and the Johns Hopkins All Children's Hospital. The Innovation District aims to drive economic growth through research and development, fostering a collaborative environment for innovation.

Edge District. Recently revitalized, the Edge District has transformed into a vibrant area featuring new retail stores, restaurants, and residential buildings. The redevelopment has enhanced the urban appeal of this district, making it a popular destination for both business and leisure.

Tropicana Field Redevelopment is a transformative project poised to significantly enhance the city's infrastructure and community amenities. The ambitious plan spans an 86-acre site and aims to create a dynamic mixed-use environment. Central to the redevelopment is the construction of a new 30,000-seat domed stadium for the Tampa Bay Rays. This state-of-the-art facility will be a focal point for sports and entertainment. The project will include nearly 8 million square feet of mixed-use development, encompassing residential units, commercial spaces, retail establishments, and offices. A significant portion of the residential development will cater to senior living, with plans for 600 units. The redevelopment also envisions a new "town center" that will serve as a vibrant community hub, including public parks, recreational areas, and spaces for cultural events, fostering a sense of community and enhancing the quality of life for residents.

The Deuces Live District isfocused on preserving the cultural heritage of St. Petersburg’s historic African American neighborhood. This project involves renovating historic buildings and creating new commercial spaces. The revitalization aims to boost economic activity while honoring the community’s history.