On average, listings lease in the $30's per square foot per year. The Deerwood submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Jacksonville market, the Deerwood submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,440 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this area were built in 1999 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Deerwood occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.