2023 Office Space Rent & Sales
- $24.46 2023 Avg. Asking Rent
- -0.19% Y-o-Y Avg. Asking Rent Change
- 13.12% 2023 Office Vacancy Rate
- $72M2023 Total Office Sales
- $110.28Avg. Sale Price/SF
Clearwater office price per square foot in 2023 was $24.46 on average. This marked a -0.19% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.12% across all asset classes combined. The 10 transactions that closed here throughout 2023 amounted to a total sale volume of $72M. Clearwater office space commanded an average sale price per square foot of $110.28.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Clearwater Class A & A+ Office Space$24.93
- Clearwater Class B Office Space$23.26
- Florida Class A & A+ Office Space$36.87
- Florida Class B Office Space$27.52
- Florida Class C Office Space$20.36
Clearwater, FL Office Asking Rents by Class
2023 Office Vacancy Rates in Clearwater
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Gateway | $25.37 | 13.29% |
Clearwater | $25.00 | 9.11% |
Bayside | $24.61 | 19.80% |
North Pinellas County | $23.91 | 13.26% |
Mid-Pinellas County | $20.83 | 6.41% |
Clearwater Office Sale Price per SF
- $110.282023 Avg. Price per SF
- -36.08%Y-o-Y Avg. PpSF Change
- $72M2023 Office Sales Volume
- 102023 Number of Transactions
Clearwater, FL Sale Price per SF Trend
- Clearwater Avg. Sale Price per SF in 2023$110.28
- Florida Avg. Sale Price per SF in 2023$213.92
2023 Office Sales Volume
- Clearwater, FL Total Office Sales Volume in 2023 $72M
- Clearwater, FL Total Number of Office Sales Closed in 2023 10
Coworking Spaces in Florida
- Houston Coworking Space
- Atlanta Coworking Space
- Dallas Coworking Space
- Miami Coworking Space
- Austin Coworking Space
- Charlotte Coworking Space
- Nashville Coworking Space
- Tampa Coworking Space
- Jacksonville Coworking Space
- Raleigh Coworking Space
- Orlando Coworking Space
- Fort Lauderdale Coworking Space
- Boca Raton Coworking Space
- West Palm Beach Coworking Space
- New Orleans Coworking Space
- Birmingham Coworking Space
- Memphis Coworking Space
- Durham Coworking Space
- Alpharetta Coworking Space
- Chattanooga Coworking Space
- Miami Beach Coworking Space
2023 Office Construction in Clearwater, FL
Office building | Address | SF | Completed |
---|---|---|---|
2340 Drew St | 2340 Drew St, 33765 | 25,958 | 2008 |
900 Drew St | 900 Drew St, 33755 | 8,702 | 2001 |
2963 Gulf to Bay Blvd | 2963 Gulf to Bay Blvd, 33759 | 36,449 | 1992 |
Corporate Square | 28050 US Hwy 19 N, 33761 | 69,709 | 1987 |
26750 US Route 19 North | 26750 US Route 19 North, 33761 | 53,723 | 1987 |
Northside Square - 29399 US Highway 19 North | 29399 US Highway 19 North, 33761 | 49,994 | 1986 |
Northside Square - 29245 US Highway 19 North | 29245 US Highway 19 North, 33761 | 35,986 | 1986 |
Countryside Colonial Center | 2753 State Road 580, 33761 | 22,000 | 1986 |
Park Place | 311 Park Place Blvd, 33759 | 118,447 | 1985 |
Northwood Medical Center - 3001 Eastland Blvd | 3001 Eastland Blvd, 33761 | 14,658 | 1985 |
Worth noting among recent office completions on the Clearwater market is 2340 Drew St, which is currently the largest new office development in the city, at 25,958 square feet.
See reports for other markets
- Jacksonville Office Rent Price
- Miami Office Rent Price
- Tampa Office Rent Price
- Orlando Office Rent Price
- Fort Lauderdale Office Rent Price
- Sarasota City Office Rent Price
- St. Petersburg Office Rent Price
- Boca Raton Office Rent Price
- Doral Office Rent Price
- Fort Myers Office Rent Price
- West Palm Beach Office Rent Price
- Melbourne Office Rent Price
- Lake Mary Office Rent Price
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Clearwater commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.