On average, listings lease in the $20's per square foot per year. The Downtown Savannah submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 14 listings have been made available, which means leases might be 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 2,610 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1905 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Savannah folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.