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.
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.
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.