On average, listings lease in the $10's per square foot per year. The Avenues region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Jacksonville market, the Avenues region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 22,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 10 stories. Most buildings in this region were built in 1989 and are Class A.
Public administration is the dominant industry in this area. Most of the folk of Avenues work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.