Commercial Real Estate Market in St Petersburg, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
850 active listings and 14,715 off-market properties in St Petersburg, FL. Commercial property asks $364/SF to buy and $28.51/SF/Yr to lease.
Market Trends
St Petersburg, FL spans 84.7 square miles in Pinellas County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in St Petersburg, 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 St Petersburg, 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 St Petersburg, 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 St Petersburg, 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
Market overview
Demographics & Economy
St Petersburg, FL has 356,855 residents in 208,050 households. Density runs 4,211 people per square mile. Median household income here is $72,573 and median gross rent $1,541 a month.
356,855
Population
208,050
Households
1.7
Avg Household Size
47
Median Age
39%
College-Educated
93%
High-School Grad
84.7 sq mi
ZIP Area
4,211
Density / Sq Mi
$72,573
Median Household Income
$45,965
Median Earnings
$1,541
Median Rent
$343,197
Median Home Value
Tools
Lease vs Buy Breakeven
At $28.51/SF/Yr lease vs $364/SF buy → buying wins if held > 2.4 years.
The comparison uses county-wide sale comps against St Petersburg asking rents, so the implied 7.8% 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.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Petersburg | $364 (county avg) | $28.51 |
| Gulfport | $364 (county avg) | — |
| Kenneth City | $364 (county avg) | — |
Commercial property in St Petersburg, FL asks $364/SF. The 3 bordering markets run from $364/SF in Saint Petersburg to $364/SF in Saint Petersburg, and the city sits in line with their $364/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in St Petersburg?
Commercial property in St Petersburg, FL asks an average of $364 per square foot. The 4 most recent recorded sales traded at a median of $315/SF, so asking sits 16% above the achieved median. Retail carries the highest asking price at $424/SF.
How much does it cost to lease commercial space in St Petersburg?
Asking lease rates in St Petersburg, FL average $28.51 per square foot per year.
Is it cheaper to lease or buy commercial space in St Petersburg?
Buying beats leasing in St Petersburg, FL if the property is held longer than 2.4 years, comparing $28.51/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.
How does St Petersburg compare to nearby markets on price?
St Petersburg, FL asks $364/SF against $364/SF in Saint Petersburg, $364/SF in Gulfport and $364/SF in Kenneth City.
Where does Realmo's St Petersburg market data come from?
Realmo compiles St Petersburg, FL figures from 6 recent recorded sales, 666 active sale listings, 184 active lease listings, 14,715 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 666 active for-sale and 184 active for-lease listings in St Petersburg, 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.
- 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 · How Realmo checks market page data · Report a data issue
