An even tighter market: Downtown St. Pete’s office vacancy falls below 4%

Downtown St. Petersburg has garnered an extraordinary amount of attention this past quarter as companies relocate or grow within the city, but finding more space is going to be an uphill battle. 

This quarter, the vacancy rate in downtown St. Peterburg dropped below 4% - the lowest it has ever been, according to Mack Feldman, Vice President with Feldman Equities, a commercial real estate development firm with office properties in Tampa and downtown St. Pete including the First Central Tower, the Castille at Carillon and the Morgan Stanley Tower. 

Entrepreneur finds success at St. Pete Pier, expands into local malls

Places This Week: Neptune Flood buys property, ‘Big blue house’ sells at auction

Inflation: Why is it so bad, and what it means for St. Pete and the holidays

The holidays can be a stressful time; cooking, cleaning, decorating, in-laws and holiday shopping are enough to occasionally bring out the Grinch in anyone, and now families across the U.S. have an added worry - the highest inflation in 30 years.

According to the United States Bureau of Labor Statistics (BLS), inflation has reached its highest point since the onset of the 1990s. Across the U.S., the inflation rate was 6.2% in October, meaning things were 6.2% more expensive than October of 2020. Inflation data for the Tampa Bay area is only available through September and is slightly below the national average at 6.1%. This means average folks will have to dig a little deeper for the things they need the most this time of year: food, gas, electricity and Christmas presents.

Create

The Shuffle

Jennifer (Josowitz) Himmah

DreamWealth

WE WANT TO HEAR FROM YOU!

Subscribe    Unsubscribe    Contact    Partner