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Saint Pete Office Market Winning Forward-Thinking Firms

ORLANDO—“I have no doubt that like-minded companies will move quickly to take advantage of the great opportunities available in this resurgent, business-friendly district.”

By Jennifer LeClaire | jenniferleclaire | | Updated on April 01, 2016
Kobie Marketing has inked a 10,018-square-foot lease in Ceridian office campus in Saint Petersburg, FL. Kobie Marketing has inked a 10,018-square-foot lease in Ceridian office campus in Saint Petersburg, FL.
ORLANDO—Kobie Marketing has inked a 10,018-square-foot lease in Ceridian office campus in Saint Petersburg, FL. The campus is offers 370,000 square feet of class A office space. Cushman & Wakefield senior director Paula Buffa represented owner/occupier Ceridian, a Minnesota-based human resources firm. David Box of Box Realty Advisors represented Kobie. Kobie is a high-tech Saint Petersburg-based marketing firm specializing in brand development and customer retention. The company will move into the space around May 1. “Ceridian and the Skyway Marina District are a great fit for fast-growing, forward-thinking firms like Kobie Marketing,” Buffa tells GlobeSt.com. “I have no doubt that like-minded companies will move quickly to take advantage of the great opportunities available in this resurgent, business-friendly district.” Ceridian is located in St. Petersburg’s Skyway Marina District which offers immediate access to Interstate 275 and the rest of the Tampa Bay region. The Skyway Marina District was formed in 2013 with the intent of capitalizing on its unique waterfront location to improve the local retail experience, create more redevelopment opportunities and promote local businesses. The gated office campus offers power redundancy, a cafeteria with open-air seating and Wi-Fi access and ample covered and surface parking. CushWake research shows the Pinellas County office market is performing well across the board, exhibiting declining vacancy rates, increased absorption and escalating rents. In its Fourth Quarter 2015 Pinellas County Office MarketBeat Report, the firm’s research concludes Pinellas County office market is performing well across the board, exhibiting the lowest vacancy rate since the second quarter of 2007, increased absorption and escalating rents. Local economic expansion and job growth are expected to fuel additional gains in the office market in 2016.

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