Avenues Retail

Avenues

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
25,590
As of: December 4, 2016

Avenues Rates

The typical asking rate per listing is in the $20's per square foot per year. The Avenues region is seeing a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 67% increase in rent.

Compared to the rest of the Jacksonville market, the Avenues region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Avenues Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Avenues 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 25,590 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 10 stories. Most buildings in this area were built in 1989 and are Class A.

Avenues Community

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.

Market Report

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

Market Data

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