On average, listings lease in the $30's per square foot per year. The Deerwood submarket is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Jacksonville market, the Deerwood submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 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 167% of the available leases in the Deerwood are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,930 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this region were built in 2000 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 market. Commute by taxi is the most popular way to get to work amongst Deerwood residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.