On average, listings lease in the $20's per square foot per year. The Baymeadows region is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Jacksonville market, the Baymeadows submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 333% of the available space in the Baymeadows are subleases, so you might be able to snag a great spot on a short term. 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 5,320 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this market were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Baymeadows occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.