The typical asking rate per listing is in the $20's per square foot per year. The Downtown Sarasota region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.
In the last 90 days, 12 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 175% of the listings in the Downtown Sarasota 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 4,510 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1950 and are Class A.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Most of the residents 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.