The typical asking rate per listing is in the $20's per square foot per year. The Southside submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 41% increase in rent.
Compared to the rest of the Jacksonville market, the Southside submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the office spaces in the Southside 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 3,620 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 19 stories. Most buildings in this market were built in 1981 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Southside folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.