On average, listings lease in the $0's per square foot per year. The Downtown Jacksonville region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $27 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 31 listings have come on the market, 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most properties in this market are approximately 4 stories. Most buildings in this region were built in 1927 and are Class B.
This region 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.