Pinellas County's CRE Engine · Pinellas County

St. PetersburgCommercial Real Estate Broker & Market Guide

St. Petersburg is Pinellas County's largest city and one of the most dynamic urban renaissance stories in Florida. Anchored by a transformed downtown waterfront, a thriving arts and museum district, the University of South Florida St. Petersburg campus, and one of the strongest urban renaissance trajectories in the Southeast, St. Pete has emerged as a major Florida CRE market in its own right.

Marketed by Michael R. Linton, Florida Broker #BK703722 · NCREA · CREIPS · REALTOR® · Serving St. Petersburg commercial real estate.

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By the numbers · data as of November 4, 2026

St. Petersburg commercial real estate by the numbers

The 2026 final tax roll lists 21,996 commercial and industrial parcels with 203.5 million square feet of buildings in Pinellas County. The median sale price is $211 per square foot on 633 arm’s-length sales. Year to date through September 2026, the median is $211, +0.0% from the same months a year earlier, on 256 sales.

Figures cover all of Pinellas County, which includes St. Petersburg.

Commercial and industrial parcels

21,996

2026 final tax roll

Building square feet

203.5M

2026 final tax roll

Arm’s-length sales

633

on the roll sales file, excluding hotels

Median $/SF

$211

Pinellas County

Pinellas County Market Pulse

Asking-side listing data for every Florida county: inventory, days on market, price cuts and listing prices, from Realtor.com® Economic Research. These are listings, not closed sales.

PinellasCounty · details →
Active listings
6,523
down −9.3% YoY
Median days on market
84 days
Listings with price cuts
25.0%
Median listing $/SF
$300
Listing price, YoY
down −3.6%
Median listing price $417K
Market condition
Leaning buyer's market
vs. Florida statewide^*
Source: Realtor.com® Economic Research, September 2026.

How these figures are calculated

* Market condition. Market condition compares a county's share of active listings with a price reduction and its median days on market with the Florida statewide figures Realtor.com publishes for the same month. Both above the statewide figure: leaning buyer's market. Both below: leaning seller's market. Anything else, including a tie or one missing metric: balanced. Both metrics missing, or no statewide figure for that month: shown as —. This is a read of asking-side listing data only; it is not months of inventory or a measure of closed sales. Florida statewide, September 2026: 20.1% of listings with a price cut, 81 median days on market. Methodology · Data dictionary

Residential. Realtor.com® Economic Research, monthly. Listing counts, days on market and listing prices come from the monthly history; price-cut share and $/SF are stored for the latest month (September 2026) only. Earlier months show the snapshot for that month, not an average. YoY compares a month with the same month a year earlier; for September 2026 it uses Realtor.com's published YoY figures.

Commercial. Florida Department of Revenue tax roll (NAL/SDF) and Florida Department of State (Sunbiz), via LGData; Linton Global calculations. Commercial (DOR 010-039) and industrial (040-049) parcels. Sales and $/SF = arm's-length single-parcel sales (DOR qualification codes 01-02) on the current roll, excluding hotels/motels (DOR 039, which in resort counties includes condo-hotel and vacation-rental units). Areas with fewer than 5 parcels, and $/SF medians from fewer than 5 sales, are suppressed.

The full Pinellas County report

Source: Florida Department of Revenue tax roll and Florida Department of State, via LGData; Linton Global calculations. Commercial and industrial parcels; sales are arm’s-length, single-parcel transfers, excluding hotels and motels. Medians from fewer than 5 sales are not shown, and a small sample can swing a ZIP median, so read each one with its sales count. * Fewer than 10 sales.

Market Data

All Florida county data →

St. Petersburg, Florida — The Numbers

262,732

Population

$75,192

Median HH Income

$371,100

Median Home Value

$1,663/mo

Median Gross Rent

62.8%

Homeownership

4.9×

Price-to-Income

4.1%

Unemployment

+8.5%

Income Growth (YoY)

Listing MarketPinellas County · residential · Realtor.com®

$417,450

Median List Price

6,523

Active Listings

Days on Market

25%

Price-Cut Share

List price · 3-yr trend

Inventory · 3-yr trend

Days on market · 3-yr trend

City-level figures from the U.S. Census Bureau (ACS 2023 5-yr). Unemployment and income growth are Pinellas County-level (BLS / BEA — not published at city grain). Unemployment September 2026. Listing-market figures © Realtor.com® Economic Research (Pinellas County, residential). Public-domain + attributed data, market context only — not an appraisal or investment advice. Snapshot updated 2026-11-01.

Live market data · refreshed as each source publishes

St. Petersburg: key facts for September 2026

In September 2026, the median listing price in Pinellas County was $417K, down 3.6% from a year earlier, with 6,523 homes for sale (Realtor.com).
FHFA’s house price index for Pinellas County fell 2.0% in 2025.
Investors took out 14.3% of home-purchase mortgages in Pinellas County in 2025 (HMDA; cash purchases not included).
Pinellas County had 441,425 jobs (2025 annual average), down 1.4% from the prior year (BLS QCEW).
The unemployment rate was 4.1% in September 2026 (BLS, not seasonally adjusted).
Permits were issued for 2,059 housing units in January–September 2026, down 12.1% from the same months a year earlier (U.S. Census Bureau).

Open the Pinellas County market report →Pinellas County data & trends Explore on the Market Map

ZIP code snapshot for St. Petersburg

Listing data for September 2026 (Realtor.com) · HUD Fair Market Rent FY2027. *Share of home-purchase mortgages for investment property (2025, HMDA, estimated from census tracts; cash purchases not included). Open any ZIP for its full report.

ZIP	Area	Median list price	vs. last year	Homes for sale	HUD 2BR rent	Investor share*
33701	Saint Petersburg	$1.25M	+40.4%	205	$2,060/mo	14.8%	Report →
33702	Saint Petersburg	$310K	−6.5%	177	$1,840/mo	14.7%	Report →
33703	Saint Petersburg	$449K	−0.1%	232	$2,100/mo	20.8%	Report →
33704	Saint Petersburg	$961K	−8.8%	99	$1,770/mo	11.4%	Report →
33705	Saint Petersburg	$380K	−6.1%	174	$1,940/mo	20.5%	Report →
33707	Saint Petersburg	$372K	−17.1%	275	$1,820/mo	10.8%	Report →
33710	Saint Petersburg	$449K	+8.3%	157	$1,950/mo	8.7%	Report →
33711	Saint Petersburg	$325K	−14.6%	167	$2,280/mo	21.6%	Report →
33712	Saint Petersburg	$382K	−3.7%	116	$1,850/mo	15.4%	Report →
33713	Saint Petersburg	$456K	−3.9%	135	$1,800/mo	13.3%	Report →
33714	Saint Petersburg	$199K	−34.2%	81	$1,630/mo	9.4%	Report →
33716	Saint Petersburg	$200K	−10.1%	42	$2,470/mo	8.1%	Report →

Sources: Realtor.com® Economic Research, FHFA, U.S. Bureau of Labor Statistics, U.S. Census Bureau. County-level figures; informational only, not an appraisal.

St. Petersburg: Market Overview

St. Petersburg's 2014–2024 urban renaissance has been one of the most dramatic in Florida. Downtown waterfront development, the Dali Museum, the Salvador Dali Museum, the Chihuly Collection, the Imagine Museum, the Sundial mixed-use development, and continued multifamily and hotel construction have transformed the urban core.

The city benefits from a unique combination: dense walkable urban core, immediate Gulf and Tampa Bay waterfront, established arts and museum ecosystem, USF St. Petersburg campus, and the upcoming Tropicana Field redevelopment (which will deliver substantial mixed-use development on 86 acres of urban core land).

Pinellas County is highly built-out — meaning new development is largely infill and redevelopment rather than greenfield. The constraint produces meaningful pricing power for well-located existing inventory and significant opportunity for adaptive reuse and reposition strategies.

Economic Drivers

Downtown Renaissance

2014–2024 urban transformation; significant continued development

Waterfront Access

Tampa Bay and Gulf waterfront; lifestyle premium

Arts District

Dali, Chihuly, Imagine museums; cultural anchor

USF St. Petersburg

University campus; student and faculty demand

Tropicana Field Redevelopment

86-acre mixed-use redevelopment in urban core

Built-Out Constraint

Highly built-out Pinellas; infill and adaptive reuse focus

Asset Class Activity in St. Petersburg

Asset Class	Activity	Market Commentary
Class A Office	Strong	Downtown and Gateway submarkets; growing institutional inventory
Multifamily	Hot	Strong rent growth; institutional development across urban core
Hotel	Hot	Downtown and beach hotels; tourism and business demand
Mixed-Use	Hot	Downtown infill, Tropicana Field redevelopment opportunities
Industrial	Strong	Gateway submarket; constrained inventory drives pricing
Medical Office	Strong	Johns Hopkins All Children's, Bayfront Health; specialty demand

Why Invest in St. Petersburg?

St. Petersburg has the strongest urban renaissance dynamic in Florida outside Downtown Tampa. The combination of waterfront access, walkable density, cultural anchors, and the constrained Pinellas County supply environment produces meaningful pricing power. The pending Tropicana Field redevelopment will be one of the largest urban-core redevelopment projects in Florida.

Frequently Asked Questions

Is Michael R. Linton a licensed commercial real estate broker in St. Petersburg?

Yes. Michael R. Linton is a Florida-licensed commercial real estate broker (FL Broker #BK703722) with 39 years of transaction experience, serving St. Petersburg and the broader Pinellas County market. He holds NCREA (National Commercial Real Estate Advisor), CREIPS (Certified Real Estate Investment Property Specialist), and REALTOR® credentials, and advises investors, owners, and tenants on multifamily, office, industrial, retail, hospitality, land, mixed-use, medical office, self storage, and special-purpose commercial real estate in St. Petersburg.

How do I contact a commercial real estate broker in St. Petersburg?

Contact Michael R. Linton at Linton Global Solutions — (312) 612-1031 or mike@lintonglobal.com — for a free St. Petersburg commercial real estate consultation. Linton Global Solutions serves St. Petersburg across all major asset classes and represents both buy-side and sell-side principals, plus 1031 exchange replacement-property sourcing.

Why is St. Petersburg considered an urban renaissance success story?

St. Petersburg's 2014–2024 transformation has been driven by downtown waterfront development, an established arts and museum district (Dali, Chihuly, Imagine), the USF St. Petersburg campus, walkable urban density, and waterfront amenities. The city has emerged as a premier Florida urban lifestyle destination — driving residential, retail, hotel, and office demand.

What is the Tropicana Field redevelopment?

The Tropicana Field site is an 86-acre parcel in St. Petersburg's urban core slated for major mixed-use redevelopment. The site's scale, location, and city ownership make it one of the most significant urban redevelopment opportunities in Florida. Final development plans and timing have been subject to ongoing negotiation; the project will be transformative for downtown St. Pete CRE when delivered.

How does St. Petersburg compare to Tampa for CRE investment?

Tampa is materially larger with deeper institutional transaction volume and broader Fortune 500 corporate presence. St. Petersburg has stronger urban renaissance dynamics, more constrained supply (Pinellas County is highly built-out), and meaningful waterfront premium. Both markets are part of Tampa Bay; many institutional investors hold positions in both.

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