On average, listings lease in the $20's per square foot per year. The Downtown Jacksonville submarket is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Jacksonville market, the Downtown Jacksonville submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 25 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. 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 4,970 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this area were built in 1928 and are Class B.
This market is fairly equally mixed residential and commercial. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Jacksonville folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.