On average, listings lease in the $20's per square foot per year. The Downtown Sarasota region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 34 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the listings in the Downtown Sarasota are subleases, so you might be able to find a shorter term or below market rent. 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 3,060 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1948 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Most of the occupants of Downtown Sarasota work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.