The typical asking rate per listing is in the $10's per square foot per year. The Downtown Jackson submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 23% decline in rent.
In the last 90 days, 6 listings have been made available, which means new listings are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 34,980 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this area were built in 1950 and are Class A.
Waste services is the dominant industry in this region. Most of the residents of Downtown Jackson 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.