The typical asking rate per listing is in the $30's per square foot per year. The South Eola submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Orlando market, the South Eola region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 120% of the available leases in the South Eola are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,900 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 12 floors. Most buildings in this market were built in 1969 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst South Eola residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.