The typical asking rate per listing is in the $20's per square foot per year. The Downtown Sarasota submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 16 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 measurement for office space in this area is around 1,300 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1948 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Most of the residents of Downtown Sarasota work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.