On average, listings lease in the $30's per square foot per year. The LaVilla submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $30 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Jacksonville market, the LaVilla region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the LaVilla are subleases, so you might be able to find a shorter term or below market rent. 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 32,300 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 2000 and are Class B.
This region is fairly equally mixed residential and commercial. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst LaVilla residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.