Most listings are in the $20's per square foot per year. The Downtown Jacksonville region is experiencing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 46% rise in rent.
Compared to the rest of the Jacksonville market, the Downtown Jacksonville region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 31 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 15,790 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this region were built in 1927 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 residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.