On average, listings lease in the $30's per square foot per year. The Downtown Sarasota region is seeing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 55% increase in rent.
In the last 90 days, 18 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 28% of the listings in the Downtown Sarasota 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,190 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1935 and are Class Class B.
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.