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Click below for 1st Quarter Pinellas Industrial Trends:
1st Q Pinellas Industrial Trends [PDF File, direct download]

Here is our trends report for the Office commercial real estate market in Pinellas County. Overall we have seen a rise in rental rates, but vacancy has been up and down, depending on the submarket. Bayside and South Pinellas saw slight declines in vacancy, but there was an increase everywhere else.
For the full trends reports, […]

Here is our trends report on the Industrial and Flex commercial real estate market in Pinellas County for the 2nd quarter of the year. Overall we have seen a tightening of the market. Vacancy has gone down, and there is no new construction to speak of. With the lack of space available, average asking rents […]

MetLife Inc. is all set to go before the Tampa City Council tonight to get a re-zoning of their 32 acre campus at 4010 W. Boy Scount Blvd. They have held the property since the 70s and have a 240,320 square foot office building there, as well as a few smaller buildings. The plan is […]

In an effort to protect the character of neighborhoods and urbanize commercial parts of the county, the Pinellas County Commission approved changes to land use rules in St. Petersburg. The changes, brought about by suggestions in St. Petersburg’s Vision 2020 plan, will affect 37,000 property owners, and 7,789 acres, which is about a quarter of […]

Here is some of the data compiled for the Pinellas Couty Office Trends Report for the past quarter:

Bayside: Vacancy - 15.3% Rental Rate - $20.56/sf
Clearwater CBD: Vacancy - 17.2% Rental Rate - $17.81/sf
Gateway & Mid-Pinellas: Vacancy - 14.0% Rental Rate - $19.54/sf
North Pinellas: Vacancy - 9.7% […]

Vacancy rates have come down about half a percent over the last year, from 5.3% to 4.8%. With the decrease in vacancy the flex and industrial market in Pinellas county has seen a slight rise in rental rates over the last year, from an average of $6.58 per square to finish the first quarter of […]

From the Grubb & Ellis|Commercial Florida Office Market Trends for Tampa Bay
Tampa Bay office market activity has continued with it’s forward momentum and is looking to repeat the success of 2006. The landlord driven market that has existed will create an increase in speculative construciton, a steady rise in rental rates and diminishing concessions for […]

From the Grubb & Ellis|Commercial Florida Industrial Market Trents for Tampa Bay
The Tampa Bay industrial market heads into 2007 keeping pace with its 2006 growth model of new construction and high rental rates. Tampa Bay remains a hot topic for tenants looking for space and owners looking to build. Landlord’s are still in control of […]

Delays in construction seem to continue unabated on the Trump Tower development in downtown Tampa. Now comes news that Mirabilis Ventures Inc. has acquired the project, along with the Antigua Bay Yacht Club project in downtown Clearwater from developer SimDag LLC.
Mirabilis says that they are committed to getting both projects moving, but first they have […]