Commercial Real Estate Market in Clearwater, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
368 active listings and 8,813 off-market properties in Clearwater, FL. Commercial property asks $364/SF to buy and $40.72/SF/Yr to lease.
Market Trends
Clearwater, FL spans 51.6 square miles in Pinellas County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Clearwater, FL asks $257/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Clearwater, FL asks $424/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Clearwater, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Clearwater, FL asks $339/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 42.9%
- Mixed use 10.1%
- Civic 6.4%
- Commercial 3.2%
- Industrial 1.4%
Largest Zones share of zoned land by district
Preservation
Low Medium Density Residential
Us 19
Open Space And Recreation
Institutional
Preservation (P)
The Preservation District (P) may be located in more than one land use category. It is the intent of the P District that development be consistent with the Countywide Future Land Use Plan as required by state law. The uses and development potential of a parcel of land within the P District shall be determined by the standards found in this Development Code a…
Market overview
Demographics & Economy
Clearwater, FL has 191,215 residents in 100,402 households. Density runs 3,706 people per square mile. Median household income here is $65,162 and median gross rent $1,546 a month.
191,215
Population
100,402
Households
1.9
Avg Household Size
48
Median Age
32%
College-Educated
91%
High-School Grad
51.6 sq mi
ZIP Area
3,706
Density / Sq Mi
$65,162
Median Household Income
$43,281
Median Earnings
$1,546
Median Rent
$307,310
Median Home Value
Tools
Lease vs Buy Breakeven
At $40.72/SF/Yr lease vs $364/SF buy → buying wins if held > 1.1 years.
The comparison uses county-wide sale comps against Clearwater asking rents, so the implied 11.2% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Frequently Asked Questions
What is the average price per square foot for commercial property in Clearwater?
Commercial property in Clearwater, FL asks an average of $364 per square foot. The 5 most recent recorded sales traded at a median of $296/SF, so asking sits 23% above the achieved median. Retail carries the highest asking price at $424/SF.
How much does it cost to lease commercial space in Clearwater?
Asking lease rates in Clearwater, FL average $40.72 per square foot per year.
Is it cheaper to lease or buy commercial space in Clearwater?
Buying beats leasing in Clearwater, FL if the property is held longer than 1.1 years, comparing $40.72/SF/Yr asking rent with $364/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Clearwater market data come from?
Realmo compiles Clearwater, FL figures from 6 recent recorded sales, 243 active sale listings, 125 active lease listings, 8,813 tracked off-market properties, the current Clearwater zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 243 active for-sale and 125 active for-lease listings in Clearwater, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 25,921 zoned acres across 22 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
