The typical asking rate per listing is in the $20's per square foot per year. The Downtown Savannah region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 14 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,610 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 3 stories. 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 residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.