In downtown St. Pete, a fallen construction crane will mean an even tighter office market
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Oct 17, 2024

Long before Hurricane Milton's 100 mph winds sent a construction crane crashing into a downtown St. Petersburg office building, large contiguous blocks of office space were difficult to come by in the Sunshine City.

The crane, which fell from the construction site of the Residences at 400 Central onto 490 First Ave. S, took out 12.5% of the office market in St. Pete's central business district. With 490 First offline, there are now four multitenant buildings over 200,000 square feet in the CBD, according to the St. Petersburg Downtown Partnership.

TO READ MORE CLICK HERE TAMPA BAY BUSINESS JOURNAL