What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Clearwater commercial real estate market incorporates 3,255,600 square feet of office space across 60 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Clearwater commercial real estate market includes 6,514,073 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Clearwater market, there is a total of 1,254,162 square feet of industrial property.

What types of commercial real estate are available in Clearwater, FL?

The largest share of commercial real estate space for lease in Clearwater is represented by Office space , which accounts for 251,546 square feet of available listings. Retail space available in Clearwater adds up to 212,641 square feet.

What factors affect the price of commercial real estate in Clearwater, FL?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Clearwater, FL?

The average rent for commercial real estate space listed for lease in Clearwater is $23.54 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Clearwater can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Clearwater, FL?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Clearwater, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Clearwater is in the Downtown Clearwater neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Clearwater area . Meanwhile, retail space opportunities are most abundant in the Clearwater Golf View submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Clearwater Air Park . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $28 per square foot. In particular, the property type commanding the highest lease rates in Clearwater was Retail space. Conversely, the highest sale price last year was $18,000,000 that is located at 5500 Rio Vista Drive.

What is the average size of a commercial property in Clearwater, FL?

The average size of a commercial property in Clearwater depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Clearwater, the average size of an office property is 61,426 square feet. Retail properties here incorporate an average of 78,483 square feet. Industrial space in Clearwater is in buildings that are, on average 156,770 square feet in size.

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171 Commercial Real Estate Listings in Clearwater, FL

CRE Market Stats

Park Place

311 Park Place Blvd, Historic Bayview, Clearwater, FL
For Lease

$28.00/SF/YR
Property

Office

118,447 SF
Availability

7 Spaces

42,673 SF
Year Built

1985
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On Cleveland in Clearwater

1155 Northeast Cleveland Street, Downtown Clearwater, Clearwater, FL
For Sale

$800,000
Property

Office

4,464 SF
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Hampton Plaza

2790 Gulf To Bay Blvd., Historic Bayview, Clearwater, FL
For Lease

$12.00 - $24.00/SF/YR
Property

Retail

21,525 SF
Availability

2 Spaces

3,195 SF
Year Built

1982
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Sunset Square Shopping Center

1861 N Highland Ave, Glenwood Estates, Clearwater, FL
For Lease

$12.00/SF/YR
Property

Retail

83,100 SF
Availability

3 Spaces

7,400 SF
Year Built

1984
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Countryside Colonial Center

2753 State Road 580, Northwood, Clearwater, FL
For Lease

$15.00 - $16.00/SF/YR
Property

Office

22,000 SF
Availability

4 Spaces

6,500 SF
Year Built

1986
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ROXY'S BISTRO

412 Cleveland Street, Downtown Clearwater, Clearwater, FL
For Lease

$30.00/SF/YR
Property

Retail

2,100 SF
Availability

1 Space

2,100 SF
Year Built

2021
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Fort Harrison Commerical Land (CRA)

1208 North Fort Harrison Avenue, Downtown Clearwater, Clearwater, FL
For Sale

$1,399,000
Property

VacantLand
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401 S Comet Ave

401 S Comet Ave, Downtown Clearwater, Clearwater, FL
For Sale

$1,525,000
Property

Multi-Family

7,044 SF
Year Built

1972
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Northside Square - 29399 US Highway 19 North

29399 US Highway 19 North, Woodland Villas, Clearwater, FL
For Lease

$22.00/SF/YR
Property

Office

49,994 SF
Availability

3 Spaces

9,389 SF
Year Built

1986
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Hospitality For Sale

1488 Gulf to Bay Blvd, Downtown Clearwater, Clearwater, FL
For Sale

$3,700,000
Property

Other

11,832 SF
Year Built

1950
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2010 Drew St

2010 Drew St, Terrace Lake, Clearwater, FL
For Lease

$14.00/SF/YR
Property

Retail

2,175 SF
Availability

1 Space
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504 N Ft Harrison Ave

504 N Ft Harrison Ave, Downtown Clearwater, Clearwater, FL
For Lease

Contact for pricing
Property

Retail

2,233 SF
Availability Contact for availability
Year Built

1948
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1255 Cleveland Street

1255 Cleveland Street, Downtown Clearwater, Clearwater, FL
For Lease

$25.00/SF/YR
Property

Office

49,592 SF
Availability

2 Spaces

15,726 SF
Year Built

1968
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807 N Ft Harrison Ave

807 N Ft Harrison Ave, Downtown Clearwater, Clearwater, FL
For Sale

Contact for pricing
Property

Land
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Belcher Commons

50 South Belcher Road, Downtown Clearwater, Clearwater, FL
For Lease

Contact for pricing
Property

Office

112,241 SF
Availability

7 Spaces

11,613 SF
Year Built

1973
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Corporate Square

28050 US Hwy 19 N, Countryside Estates, Clearwater, FL
For Lease

$22.00/SF/YR
Property

Office

69,709 SF
Availability

5 Spaces

16,565 SF
Year Built

1987
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Countryside Towers

2536 Countryside Blvd, Village On The Green, Clearwater, FL
For Lease

$25.00/SF/YR
Property

Office

94,398 SF
Availability

8 Spaces

47,181 SF
Year Built

1974
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696 S Gulfview Blvd

696 S Gulfview Blvd, Continental Towers, Clearwater, FL
For Lease

$35.00/SF/YR
Property

Retail

3,456 SF
Availability

1 Space
Year Built

1971
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1.76± Acre Corner Lot in Downtown Clearwater

1009 Court Street & 915 Chestnut Street, Prospect Towers, Clearwater, FL
For Sale

$2,750,000
Property

Other
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Plymouth Plaza

26750 US Route 19 North, Village On The Green, Clearwater, FL
For Lease

$23.00 - $25.00/SF/YR
Property

Office

53,723 SF
Availability

4 Spaces

23,147 SF
Year Built

1987
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Drew 19 Shopping Center

21311 US Highway 19 North, Historic Bayview, Clearwater, FL
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

56,600 SF
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Enterprise Center

26133 US Highway 19 North, Oaks Of Northwood, Clearwater, FL
For Lease

$18.50/SF/YR
Property

Office

34,604 SF
Availability

1 Space

1,066 SF
Year Built

1983
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Retail Investment Multi Tenant Strip Center Clearwater

1261 S Fort Harrison Ave, Clearwater North East, Clearwater, FL
For Sale

$2,000,000
Property

Retail

4,268 SF
Year Built

2000
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Cypress Point

25813 US Highway 19 N., Lake Chautauqua, Clearwater, FL
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

898 SF
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Executive Center Office Park

25400 US Route 19 North, On Top Of The World, Clearwater, FL
For Lease

$17.50/SF/YR
Property

Office

149,712 SF
Availability

2 Spaces

2,605 SF
Year Built

1976
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2114 Drew St

2114 Drew St, Terrace Lake, Clearwater, FL
For Lease

$10.00/SF/YR
Property

Office

1,800 SF
Availability

1 Space
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