As residential and mixed-use towers continue to reshape downtown St. Petersburg, a quieter yet equally significant transformation is underway: a sharp contraction in the city’s office market.
While St. Pete is performing better than the national average on paper, the amount of available office space is shrinking, a trend that could complicate efforts to attract new businesses and corporate relocations.
Nationally, office space is disappearing at a record pace.
Source: St. Pete Rising