On average, listings lease in the $20's per square foot per year. The Downtown Tallahassee region is experiencing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 33% decline in rent.
In the last 90 days, 16 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available leases in the Downtown Tallahassee are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1983 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Downtown Tallahassee work from home. Commuting approximately 15 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 Downtown Tallahassee.
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