The typical asking rate per listing is in the $30's per square foot per year. The Downtown Savannah submarket is going through a decrease in rates. In the last 3 months, the median rate fell $94 per sqft per year. That's a 76% decline in rent.
In the last 90 days, 141 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Downtown Savannah are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,340 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1905 and are Class A.
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 region. Commute by public transit is the most popular way to get to work amongst Downtown Savannah residents. Commuting approximately 30 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 Savannah.
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