On average, listings lease in the $30's per square foot per year. The Deerwood submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Jacksonville market, the Deerwood submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available leases in the Deerwood are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,390 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this region 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 market. Commute by taxi is the most popular way to get to work amongst Deerwood occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.