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On average, commerial real estate listings lease in the $20's per square foot per year. The Southpoint submarket is experiencing a decrease in rates. In the last 3 months, the median rate for lease decreased $3 per sqft per year.
Compared to the rest of the Jacksonville commercial real estate market, the Southpoint region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 220 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the commercial real estate 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.
The standard size for office space in this area is around 1,570 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built approximately 1987 and are Class B.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Southpoint folk. Commuting approximately 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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