Downtown Jacksonville Sublease

Downtown Jacksonville

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
7,080
As of: January 16, 2017

Downtown Jacksonville Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Jacksonville region is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decline in rent.

Compared to the rest of the Jacksonville market, the Downtown Jacksonville submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Downtown Jacksonville Listing Supply

In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases in the Downtown Jacksonville are subleases, so you will probably have to focus your search on direct office leases. 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 7,080 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 4 floors. Most buildings in this market were built in 1927 and are Class B.

Downtown Jacksonville Community

This market 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 folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Jacksonville.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Jacksonville.
Research