Baypoint Commerce Center — Lease in St. Petersburg, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: St. Petersburg, FL 33702

Description

Office Space for Lease in 15-building ±700,000 RSF Office Park Baypoint Commerce Center is 15-buildings in a beautiful 76 acre campus-style environment with over 700,000 RSF of office space. Campus has undergone an extensive multi-million dollar renovation and modernization project Close to restaurants and shopping and equidistance to each of Tampa Bay’s CBDs - Tampa, St. Petersburg & Clearwater On-site property management and leasing Excellent access and ample parking available (5/1,000 SF) Over 10,000 SF of fully furnished conference rooms are available throughout the park Building lighting & monument signage

Market Context

This office in St. Petersburg, FL is listed for lease. It has been on the market for 195 days. 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, average asking rents near $29.00/SF/yr, rents up 18.7% year over year, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Tampa?
About 7.4% as of Q1 2026, per multiple brokerage reports.
Is the Tampa office market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$2.11/SF/mo – $2.85/SF/mo

Mid: $2.48/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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