On average, listings lease in the $10's per square foot per year. The Lakewood submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Jacksonville market, the Lakewood submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 27 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Lakewood are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 11,980 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this region were built in 1960 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the folk of Lakewood work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Lakewood.
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