Downtown Sarasota Retail

Downtown Sarasota

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,120
As of: May 20, 2017

Downtown Sarasota Rates

On average, listings lease in the $20's per square foot per year. The Downtown Sarasota region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.

Downtown Sarasota Listing Supply

In the last 90 days, 12 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available space in the Downtown Sarasota are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this market are around 2 stories. Most buildings in this area 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