St. Pete 10 years after the recession: ‘Downtown real estate is going crazy’
Older buildings have been renovated to include the kinds of amenities tenants now demand, such as fitness centers, common areas with WiFi and garages that are well-lit for tenants who come in at odds hours, Feldman said.
PowerChord, a software company in First Central Tower, features cubicles near the windows to give employees natural light, and private offices on the inner walls.
Employees don’t want to spend time going out to lunch, so there are big kitchens to bring food in, and a bar near the window for a view.
Read the full story from Margie Manning on St Pete Catalyst
A decade after the Great Recession of 2008, commercial real estate in St. Petersburg is booming. Vacancy rates are at a 20-year low and lease rates are at a 20-year high for downtown office buildings. New economy companies, especially those in the life sciences and technology sectors, make up a growing percentage of the tenants […]