The typical asking rate per listing is in the $20's per square foot per year. The Downtown Jacksonville submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Jacksonville market, the Downtown Jacksonville submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 27 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Downtown Jacksonville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 5 floors. Most buildings in this region were built in 1928 and are Class B.
This area is fairly equally mixed residential and commercial. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Jacksonville residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.