The typical asking rate per listing is in the $30's per square foot per year. The Downtown Savannah submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 22 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,580 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1897 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Savannah residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.