On average, listings lease in the $10's per square foot per year. The Avenues region is experiencing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Jacksonville market, the Avenues region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been made available, which means new listings might be leasing quickly. 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 22,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 10 floors. Most buildings in this region were built in 1989 and are Class A.
Public administration is the dominant industry in this area. Most of the occupants of Avenues work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.