The typical asking rate per listing is in the $20's per square foot per year. The Southpoint submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Jacksonville market, the Southpoint submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 22 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 7,410 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1986 and are Class B.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Southpoint occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.