Office Space Broker in Clearwater and Pinellas County, Florida

Professional Office. Medical Office. Class A and B. Serving Clearwater and Pinellas County.

Office Properties

The Pinellas County Office Market Rewards a Broker
Who Knows the Difference Between Assets

Drew Rutherford is a commercial office broker serving Clearwater, Pinellas County, and the Tampa Bay market. He works with office property owners, investors, and tenants across professional office, medical office, and owner-user office buildings, handling transactions from small suite leases to multi-tenant investment sales.

The Pinellas County office market is bifurcated in a way that creates real opportunity for owners and buyers who understand it. Well-located, properly maintained Class A and medical office product continues to attract tenants and investors. Dated, poorly positioned product sits longer and trades at a discount. Clearwater’s commercial market spans over 755,000 square feet of office space, with overall vacancy at 7.3% in Q4 2025 according to Pinellas County Economic Development data. Class A office vacancy sits at 11.7% while Class B is tighter at 8.5%, and average rents run $27.65 per square foot across all classes. Knowing which category your property falls into, and what it takes to reposition it correctly, is the difference between a strong outcome and a prolonged listing.

Areas of Focus

Office Property Transactions Across Pinellas County and Tampa Bay

01.

Professional Office Buildings

Acquisition and disposition of Class A and B professional office buildings throughout Clearwater and Pinellas County, from small owner-user buildings to multi-tenant investment assets.

02.

Medical Office Facilities

Medical office buildings, MOB investments, and healthcare-related office facilities across Pinellas County. Medical office remains one of the most resilient office subcategories, supported by the region’s large and growing healthcare employment base.

03.

Office Condominiums

Office condo acquisitions and dispositions for owner-users and investors seeking smaller, individually-owned office units across Pinellas County professional parks and mixed-use office buildings.

04.

Landlord Representation

Lease-up, tenant placement, and lease renewal negotiation for office building owners in Clearwater and Pinellas County. Drew works to fill vacancies with qualified tenants at rents that reflect current market conditions and protect long-term asset value.

05.

Tenant Representation

Site selection, lease negotiation, and renewal advisory for businesses seeking office space in Clearwater and Pinellas County. Tenants who negotiate without representation consistently pay above-market rents and agree to landlord-favorable lease terms.

06.

Office Investment Acquisitions

Targeted acquisition advisory for private investors seeking stable income-producing office assets in the Clearwater and Pinellas County market, including value-add opportunities and off-market buildings priced below replacement cost.

PINELLAS COUNTY OFFICE MARKET

What Office Owners and Investors Need to Know Right Now

The Pinellas County office market tells a more nuanced story than national headlines suggest. While Tampa-St. Petersburg-Clearwater saw a 2.9 percent vacancy uptick through 2025, the submarket data reveals a more differentiated picture. Overall Pinellas County office vacancy stood at 7.3% in Q4 2025, with Mid-Pinellas County running as low as 8.51% — among the tightest office submarkets in the metro. Class B office at 8.5% vacancy is actually performing better than Class A at 11.7%, which reflects the flight-to-value dynamic where smaller businesses and professional services firms favor functional, well-located Class B space over premium-priced Class A product. Medical office in particular remains a reliable performer across Pinellas County, supported by the region’s demographics and the continued growth of healthcare employment along the Gulf Coast. Morton Plant Hospital, BayCare Health System, and a growing network of specialist practices create steady demand for well-located medical office space in the Clearwater market.

For office property owners in Clearwater and Pinellas County, the current market rewards honest pricing and strategic tenant positioning. An office building that is priced correctly for its class, location, and condition will find a buyer or tenant. One that is not will sit. Drew works with office owners to assess current market value accurately before bringing a property to market, not after it has been overpriced and stigmatized by time on market. The county is built out. There is no industrial land pipeline, no new spec development on the horizon, and no relief coming from new supply. That dynamic keeps Pinellas vacancy among the lowest in the metro. Small-bay and flex space here runs 12 to 16 dollars per square foot for functional buildings, above the Tampa Bay average, and well-located properties attract competitive interest from both tenants and investors. The investors who have been paying attention to Pinellas industrial are buying at what many see as a compelling entry point, cap rates around 7.6 percent and vacancy likely near its peak.

Representation

Sellers. Buyers. Tenants. Drew Works All Three

Office Property Sellers

If you own an office building in Clearwater or Pinellas County and are considering a sale, the process starts with an accurate, honest assessment of value, not an inflated projection. Drew works with office sellers before a property hits the market, evaluating class, location, occupancy, and the buyer profile most likely to close at the right price.

Office Investors and Buyers

Whether you are a private investor targeting income-producing office assets, an owner-user seeking a building to operate from, or a value-add buyer looking for upside in the Pinellas County market, Drew brings current transaction data and off-market access that online platforms cannot offer.

Office Tenants

Finding the right office space in Clearwater or Pinellas County requires a broker who knows current availability, realistic lease terms, and what landlords will actually concede in today's market. Drew represents office tenants in site selection, lease negotiation, and renewals across the Pinellas County market.

Frequently Asked Questions About Office Real Estate in Pinellas County

How do I find an office space broker in Clearwater, Florida?

Drew Rutherford is a commercial real estate broker based in Clearwater who specializes in office property sales, acquisitions, and leasing across Pinellas County and the Tampa Bay market. You can reach Drew directly through the contact page on this site to discuss your office property or space search.

Office inventory in Clearwater and Pinellas County includes Class A and B professional office buildings, medical office facilities, office condominiums, and multi-tenant professional parks. The most active office submarkets in Pinellas County are Mid-Pinellas, Downtown Clearwater, and the US-19 corridor. The county is land-constrained, which means new supply is limited and existing inventory, particularly small-bay and flex space, tends to carry lower vacancy rates than the broader Tampa Bay market.

Office rents in Pinellas County averaged $27.65 per square foot across all classes in Q4 2025, with Class A averaging $30.06 and Class B at $24.10. Sale prices averaged $145.12 per square foot in 2024, a 30% increase from the prior year. Value varies significantly by class, location, occupancy, and lease structure. Drew provides no-obligation assessments for office property owners considering a sale or lease-up strategy.

Pinellas County office fundamentals are more stable than Tampa-metro headlines suggest. Overall vacancy at 7.3% in Q4 2025 is well below the national average of 18.6%. Well-priced, functional office buildings with creditworthy tenants in strong Pinellas locations are attracting qualified buyer interest. Owners who price accurately and position correctly are closing deals. Those who do not are extending their timelines unnecessarily.

Class A office buildings are typically newer, well-amenitized properties with modern HVAC, updated common areas, and strong building management. Class B buildings are functional, often older, and priced below Class A. In the current Pinellas County market, Class B office is actually performing better on vacancy than Class A, making well-located Class B buildings attractive for both tenants and investors seeking value. Flex space combines functional warehouse or shop space with a front office component, making it suitable for light manufacturing, service businesses, contractors, and showroom operations. Industrial is the broader category that includes both, along with manufacturing, R&D, and specialized production facilities. All three are active transaction categories in the Pinellas County market.

Ready to Discuss Your Office Property?

Whether you own an office building in Clearwater, are looking to acquire, or need help finding the right office space to lease in Pinellas County, the first conversation costs nothing. Drew works directly with owners, investors, and tenants. No handoffs, no junior staff on your deal.

Contact Drew Today