Engage in Tampa

ENGAGE TAMPA BAY 2021 Q4

PAGE 18

INVENTORY (SF) St. Petersburg CBD

MAJOR EMPLOYERS Tampa Bay Times

St. Pete is the perfect place to live, work and play with a bustling downtown, waterfront activities and multiple recreational options. The new St. Pete Pier provides 26 acres of waterfront space for residents and visitors to stroll, bike, dine, drink, shop, swim, take in a concert or attend an event. Established companies as well as agile ones in the tech sector choose to locate in St. Petersburg, one of the top four high-tech employment centers in the nation, because of the ever-expanding, highly skilled work- force. This was evident when Cathie Wood’s

New York-based ARK Investment Manage- ment chose the St. Pete CBD for its new corporate headquarters. ARK will also contribute to a new business incubator, known as the “ARK Innovation Center”. The 45,000 sf incubator will look to attract top talent, and is expected to create 1,265 jobs and generate $28 million for the city.

2.1M 1.5M 524k TOTAL CLASS A CLASS B

iQor* (Global HQ)

Kobie Marketing

Duke Energy

Enstar

Morgan Stanley

UBS

Community Health Systems

$30.40 PSF DIRECT RENT

4.7% DIRECT VACANCY

185k SF LEASING ACTIVITY

35k SF DIRECT ABSORPTION

DIRECT RENTAL AND VACANCY RATES

LEASING ACTIVITY & DIRECT ABSORPTION