On average, listings lease in the $20's per square foot per year. The St. Andrews Bay submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 7 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the listings in the St. Andrews Bay are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area were built in 2000 and are Class B.
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 market. Commute by bike is the most popular way to get to work amongst St. Andrews Bay occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.