On average, listings lease in the $10's per square foot per year. The Northwest Jacksonville submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $143 per sqft per year. That's a 90% decline in rent.
Compared to the rest of the Jacksonville market, the Northwest Jacksonville region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 15 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,450 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1954 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Northwest Jacksonville residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.