On average, listings lease in the $10's per square foot per year. The Southside region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Jacksonville market, the Southside submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 9,920 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 19 stories. Most buildings in this area 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 residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.