Clearwater Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Clearwater is $24.83 per square foot, 7.38% higher compared to the previous year.
  • The market’s vacancy rate stands at 13.56%, lower than the state average of Florida, which is 15.13%.

2025 Office Space Rent & Sales

  • $24.83 2025 Avg. Asking Rent
  • 7.38% Y-o-Y Avg. Asking Rent Change
  • 13.56% 2025 Office Vacancy Rate
  • $42.8M2025 Total Office Sales
  • $116.29Avg. Sale Price/SF

What is the average asking rent price for office space in Clearwater?

Average asking rents for office space here stand at $24.83 per square foot. The local office market recorded an average vacancy rate of 13.56% in 2025, unchanged from 13.56% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $42.8M across 6 sales. These transactions commanded an average sale price per square foot of $116.29.

Clearwater, FL Office Asking Rents by Class

What is the average office rent per square foot by property class in FL?

  • Avg. Asking Rent Class A & A+$45.91
  • Avg. Asking Rent Class B$27.03
  • Avg. Asking Rent Class C$19.30

For comparison, the average rent for Class A and A+ office space in Florida was $45.91 per square foot. The state-wide average for Class B space was $27.03 per square foot, and Class C office spaces averaged $19.30 per square foot.

Clearwater, FL Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Clearwater was Mid-Pinellas County at 5.20%. Meanwhile, the highest office vacancy rate in the market was 20.67%, recorded in Gateway.
Submarket Asking Rents Vacancy Rates
Bayside $26.41 17.58%
North Pinellas County $24.01 16.68%
Gateway $23.96 20.67%
Clearwater $21.56 10.12%
Mid-Pinellas County $17.92 5.20%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $116.292025 Avg. Price per SF
  • -22.37%Y-o-Y Avg. PpSF Change
  • $42.8M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Clearwater?

Average sale prices for office space in this market recorded a -22.37% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $116.29 per square foot. For comparison, the statewide Florida average during the same time period stood at $209.15 per square foot, while the national average was $182.48 per square foot.

Clearwater, FL Sale Price per SF Trend

  • Clearwater Avg. Sale Price per SF in 2025$116.29
  • Florida Avg. Sale Price per SF in 2025$209.15

What was the total office sales volume in Clearwater in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $42.8M.

  • Clearwater, FL Total Office Sales Volume in 2025 $42.8M
  • Clearwater, FL Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

Office Construction in Clearwater, FL

What are the largest recent office completions in Clearwater?

The largest recent office completion here is Harbourside Grande Crossings at 155,000 square feet, completed in 1987. The next largest completions are Park Place and Countryside Place.

Office building Address SF Completed
2729 State Road 580 2729 State Road 580, 33761 4,058 2000
Water's Edge Office Center 2963 Gulf to Bay Blvd., 33759 36,449 1992
Countryside Place 2605 Enterprise Road East, 33759 56,880 1988
Harbourside Grande Crossings 18167 US Highway 19 N., 33764 155,000 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
28163 US Highway 19 North 28163 US Highway 19 North, 33761 26,320 1986
Gulf to Bay Office Space 2560 Gulf To Bay Blvd, 33765 20,886 1986
Park Place 311 Park Place Blvd, 33759 118,447 1985
Countryside Colonial Center 2753 Florida 580, 33761 22,000 1985
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.