On average, listings lease in the $20's per square foot per year. The Downtown Sarasota submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 33 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the listings in the Downtown Sarasota are subleases, so you might be able to snag a great spot on a short term. 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 3,060 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1936 and are Class A.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Most of the residents of Downtown Sarasota work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.