The typical asking rate per listing is in the $20's per square foot per year. The Southpoint submarket is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Jacksonville market, the Southpoint submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 220 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the listings in the Southpoint are subleases, so you will probably have to consider a longer term lease. 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 4,820 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1987 and are Class B.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Southpoint residents. Commuting around 10 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 Southpoint.
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