On average, listings lease in the $30's per square foot per year. The Brooklyn region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Jacksonville market, the Brooklyn region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 175% of the listings in the Brooklyn 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,650 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 12 stories. Most buildings in this area were built in 2003 and are Class A.
Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Brooklyn residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.