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.
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.
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.