On average, listings lease in the $20's per square foot per year. The Southpoint region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Jacksonville market, the Southpoint region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 9 listings have been posted online, which means listings are probably 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 12,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1986 and are Class B.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Southpoint folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.