Retailers willing to pay for spot on St. Petersburg, Fla.’s, Beach Drive

Retail rents on popular streets in St. Petersburg, Fla., such as Beach Drive, have risen to as much as $50 per square foot. In other downtown spots in the city, rates average $16.93 per square foot. The high rents aren’t dissuading retailers from Beach Drive — space is fully occupied there, and some owners have found that space will lease within minutes of being listed. Read the American City Business Journals/Tampa, Fla. story here

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