On average, listings lease in the $120's per square foot per year. The Downtown Savannah region is going through a an increase in rates. In the last 3 months, the median rate rose $101 per sqft per year. That's a 427% rise in rent.
In the last 90 days, 11 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 55% of the available leases in the Downtown Savannah are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,740 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1905 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 region. Commute by public transit is the most popular way to get to work amongst Downtown Savannah folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.