On average, listings lease in the $120's per square foot per year. The Oak Hill region is going through a a boost in rates. In the last 3 months, the median rate increased $127 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Jacksonville market, the Oak Hill submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region were built in 1960 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Oak Hill occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.