The typical asking rate per listing is in the $20's per square foot per year. The Downtown Jacksonville submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Jacksonville market, the Downtown Jacksonville region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 26 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 9,970 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this region were built in 1927 and are Class B.
This market is fairly equally mixed residential and commercial. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Jacksonville residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.