The typical asking rate per listing is in the $20's per square foot per year. The Southside region is experiencing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 41% increase in rent.
Compared to the rest of the Jacksonville market, the Southside 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, 1 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the office spaces in the Southside are subleases, so you might be able to find a shorter term or below market rent. 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 3,620 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 19 stories. Most buildings in this market were built in 1981 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Southside occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.