Downtown Sarasota Retail

Downtown Sarasota

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,910
As of: February 27, 2017

Downtown Sarasota Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Sarasota submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Downtown Sarasota Listing Supply

In the last 90 days, 13 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Downtown Sarasota are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,910 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1948 and are Class A.

Downtown Sarasota Community

This market is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Most of the occupants of Downtown Sarasota work from home. Commuting between 20 and 25 minutes 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 Downtown Sarasota.
Market Report

Market Data

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