Office for Lease in St. Petersburg, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: St. Petersburg, FL 33705
  • Size: 23,700 SF

Description

1246 Central Avenue is a mixed-use commercial building in Saint Petersburg, Florida's thriving EDGE District undergoing full renovations. The building, previously occupied by Furnish Me Vintage, prominently situated at the corner of Central Avenue and 13th Street, contains 24,000 square feet across three floors. With an anticipated Q1 2024 delivery date, the property will feature ground-floor retail space and loft-style offices on the second and third floors. Office suites range from 1,800 square feet and up to two contiguous 8,000-square-foot floors. To meet all company needs, utilize efficient floor plans ideal for creative agencies, professional businesses, technology firms, and more. Property features include Central Avenue frontage, a 7,000-square-foot communal garden on the ground floor, a private, access-controlled elevator that services from the street to the office or stairs, and large windows that allow ample natural light into interior spaces. 1246 Central Avenue is adjacent to the brand-new Marriott Moxy Hotel, sharing the communal garden. The property is also within walking distance of Tropicana Field, home of the Tampa Bay Rays, and numerous dining and retail options. Enjoy efficient travel routes to and from the property with Interstates 175, 275, and 375 accessible within minutes. Building SF: 23700 | Land Size: 0.19 Ac | Listing Type: FOR LEASE

Market Context

This office in St. Petersburg, FL is listed for lease across 23,700 SF. It has been on the market for 23 days. Compare it against other office listings for lease in St. Petersburg, FL — <a href="/search/lease/office/florida/st-petersburg">view the full market</a>.

As of Q1 2026, the Tampa office market showed a 18.2% vacancy rate, average asking rents near $29.00/SF/yr, rents up 18.7% year over year, and cap rates around 7.4%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Tampa?
About 7.4% as of Q1 2026, per Consensus.
Is the Tampa office market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$2.11/SF/mo – $2.85/SF/mo

Mid: $2.48/SF/mo

Total estimate for 23,700 SF: $58,776

Rate-first confidence-weighted blend with cost-of-business adjustment.

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