On average, listings lease in the $10's per square foot per year. The Avenues submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Jacksonville market, the Avenues region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have come on the market, which means listings might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 22,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 10 stories. Most buildings in this area were built in 1989 and are Class A.
Public administration is the dominant industry in this area. Most of the occupants of Avenues work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.