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The City of St. Petersburg’s Economic Department finished up their 2007 Survey of St. Petersburg Businesses for International Trade Activity. Some interesting notes:

Local businesses engaged in international trade had jumped from 34% to 62% in the last four years, and over half of the 38% […]

Florida was named the number 1 region for biotech growth in the world by Fierce Biotech in their Top Five Regions Targeting Biotech Companies special issue.
The ranking is primarily due to the Scripps deal on the east coast, and the University of Florida’s recent citing by the Milken Institute as a leader in the country […]

Tourism officials from Pinellas and Hillsborough are looking to get together and pool their resources to attract visitors to the area. Though it might seem like an intuitive move (“People don’t go to counties; they go to destinations,” Paul Catoe of the Tampa Bay Convention & Visitors Bureau says), the last time the two counties […]

The Pinellas County Tips, Trends & Technology newsletter for April reports on a survey done by ACCRA. In their 4th quarter composite index for Florida cities, Pinellas County dropped in both cost of living in general, and housing costs specifically. Housing costs dropped from 101.2% of the national average, down to 98.6%. The total […]

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 […]