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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Southside submarket is going through a decline in rates. In the last 3 months, the median rate for lease fell $5 per sqft per year.
Compared to the rest of the Jacksonville commercial real estate market, the Southside submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 90 days, 43 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the commercial real estate listings in the Southside are subleases, so you will probably have to focus your search on direct 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.
The standard size for office space in this area is around 5,160 sqft. Most buildings in this market are approximately 8 floors. Most buildings in this market were built around 1963 and are Class A.
A large portion of this region is residential, but there's plenty of office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Southside residents. Commuting under 5 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 Southside.
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