For Sale
Saint Petersburg, FL
Commercial Real Estate Market Trends & Data
$491 per SF
Avg asking sale price
$31 per SF
Avg asking lease rate
8,731 SF
Avg unit lease size
13,515 SF
Avg building size for sale
6.53%
Average cap rate
Saint Petersburg's Demographic Profile
Saint Petersburg has 118,444 households and a median income of $67,784, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 256,132 |
| # Households | 118,444 |
| Median age | 43 |
| Median household income | $67,784 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 51,637 |
| 5-year population change | 0% |
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↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Saint Petersburg | $432 | 7,067 SF | 10.75% |
| Pinellas Park | $263 | 6,924 SF | 8.02% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Saint Petersburg | $243 | 19,322 SF | 7.02% |
| Pinellas Park | $207 | 10,936 SF | 7.02% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Saint Petersburg | $584 | 8,136 SF |
| Gulfport | $360 | 5,832 SF |
| South Pasadena | $470 | 2,500 SF |
| Saint Pete Beach | $475 | 4,903 SF |
| Tierra Verde | $225 | 6,900 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Saint Petersburg | $574 | 9,925 SF | 8.45% |
| Saint Pete Beach | $474 | 5,193 SF | 6.22% |
| Treasure Island | $596 | 9,508 SF | 7.06% |
| Madeira Beach | $430 | 4,015 SF | 7.06% |
Commercial Properties For Sale in Saint Petersburg
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Saint Petersburg pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Saint Petersburg | $491 | 13,515 SF |
| Gulfport | $378 | 11,787 SF |
| South Pasadena | $505 | 3,365 SF |
| Saint Pete Beach | $530 | 7,121 SF |
Regional Demographic Comparison
This comparison places Saint Petersburg alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Saint Petersburg or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Gulfport | 11,810 | 6,295 | 58 | $59,407 | 2 | 1,944 | 1% |
| South Pasadena | 5,906 | 3,743 | 70 | $48,265 | 2 | 1,572 | 3% |
| Saint Pete Beach | 11,944 | 6,677 | 62 | $96,850 | 2 | 1,968 | 7% |
| Pass A Grille | 1,358 | 749 | 63 | $82,799 | 2 | 286 | 10% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Saint Petersburg, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Saint Petersburg
View All Commercial Real Estate For Sale in Saint Petersburg
Is Saint Petersburg a good market for a first-time commercial real estate investor?
Saint Petersburg offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Saint Petersburg?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Saint Petersburg. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Saint Petersburg?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Saint Petersburg. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Saint Petersburg compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Saint Petersburg. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Saint Petersburg acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Saint Petersburg, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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