Southside Office Space

Southside

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
3,620
As of: May 20, 2017

Southside Rates

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.

Southside Listing Supply

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.

Southside Community

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.

Market Report

Trends and status of the commercial real estate market in Southside.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southside.
Research