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.
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.
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.