Monterey Commercial Real Estate

Monterey

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
17,340

Compared to the rest of the Jacksonville market, the Monterey region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Monterey Listing Supply

In the last 90 days, 6 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces in the Monterey are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 17,340 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this market were built in 1969 and are Class B.

Monterey Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the residents of Monterey 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.

Market Data

Real time and historical data on commercial real estate listings in Monterey.
Research