The typical asking rate per listing is in the $20's per square foot per year. The Southpoint region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Jacksonville market, the Southpoint region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 9 listings have come on the market, which means new listings most likley are going fast. 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 12,460 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1986 and are Class B.
This area 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.