On average, listings lease in the $20's per square foot per year. The Downtown Sarasota submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
In the last 90 days, 12 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Downtown Sarasota are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,120 sqft. Most buildings in this area are approximately 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 folk 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.