On average, listings lease in the $20's per square foot per year. The Downtown Sarasota submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $25 per sqft per year.
In the last 90 days, 12 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 158% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,520 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1950 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Most of the residents 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.