490 First Ave — Lease in St Petersburg, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: St Petersburg, FL 33701
  • Submarket: South St. Petersburg

Photos

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Description

Now available for sublease, office 490 First Ave located at 490 1st Ave S St Petersburg, Florida 33701. Available square footage 21,984 SF.

Market Context

This office in St Petersburg, FL is listed for lease. Compare it against other office listings for lease in St Petersburg, FL — view the full market.

As of Q1 2026, the Tampa office market showed an 18.2% vacancy rate, and average asking rents near $30.61/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

Is the Tampa office market tightening or softening?
Vacancy is around 18.2% (Q1 2026).

Estimated Market Rate

$1.94/SF/mo – $2.62/SF/mo

Mid: $2.28/SF/mo

Based on comparable properties in similar markets rather than local sales.

By our match to nearby addresses in brokers' reports, this property is in the South St. Petersburg submarket, where average asking rent was $28.34/SF/yr in Cushman & Wakefield's Q2 2026 report.

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