The typical asking rate per listing is in the $30's per square foot per year. The Doctor Phillips submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 2 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Doctor Phillips 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,250 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Doctor Phillips occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.