Most listings are in the $20's per square foot per year. The Southpoint submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Jacksonville market, the Southpoint region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 135,400 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1986 and are Class B.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Southpoint residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.