Market

Clearwater Commercial Real Estate

Commercial brokerage and advisory for Clearwater and the broader Pinellas County market.

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Clearwater is a major employment, residential and visitor market in central Pinellas County. Commercial opportunities span office, medical, retail, flex and industrial properties, with location, access, redevelopment potential and surrounding land-use constraints influencing value and leasing performance.

114,364Population
2025 estimate
$66,381Median household income
2020–2024
$44,653Per capita income
2020–2024
24.1%Age 65+
Population share

Clearwater market considerations

  • Central position within Pinellas County with access to Tampa, St. Petersburg and Gulf communities.
  • US-19 and east-west arterials are important commercial and employment corridors.
  • Infill conditions and limited industrial land can make functional flex/industrial space strategically valuable.
  • Medical, office, service and retail demand varies significantly by corridor and accessibility.

Demographic data: U.S. Census Bureau QuickFacts. Source

Pinellas County context

Clearwater is in Pinellas County, one of Florida's densest counties. The Census Bureau estimates the county's 2025 population at 948,563. Median household income for 2020–2024 was $72,646, and 36.8% of adults age 25+ held a bachelor's degree or higher.

View the Pinellas County commercial real estate profile →

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Client Result
Clearwater Commercial Real Estate Case Study

Medical Office Acquisition | 13555 Automobile Boulevard

From an unsuccessful four-year search and proposed long-term lease to property ownership and municipal approval for medical use.

Challenge

After nearly four years searching for a medical office property, the client had entered several unsuccessful purchase agreements and incurred thousands of dollars in costs. She was preparing to settle for a 15-year lease when ProTech was brought in to assist with the lease negotiation.

ProTech Strategy

A discussion with the client revealed that ownership—not leasing—remained her preferred outcome. ProTech restarted the acquisition search and identified 13555 Automobile Boulevard. Although the property was zoned for general office use, further analysis indicated that it could satisfy the requirements for medical use. A conditional-use application was pursued through the local municipality and the requested medical use was approved.

Result: The client acquired a larger, ideally located property for approximately one-third of the projected cost of the proposed 15-year lease. Compared with approximately $1.7 million in lease payments, the acquisition represented an estimated $1.15 million savings while giving the client ownership of a commercial asset with future resale value.
“After working with 4 other realtors, wasting thousands of dollars, Michael was able to help me find the perfect property.”
— Pat Ricalde, MD, DDS
Next Step

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Related expertise: Pinellas County CRE · Commercial Leasing