2024 Office Space Rent & Sales
- $31.86 2024 Avg. Asking Rent
- 7.89% 2024 Office Vacancy Rate
Sarasota City office price per square foot in 2024 was $31.86 on average. The local office market recorded an average vacancy rate of 7.89% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Sarasota City Class A & A+ Office Space$33.29
- Sarasota City Class B Office Space$28.34
- Sarasota City Class C Office Space$27.83
- Florida Class A & A+ Office Space$40.20
- Florida Class B Office Space$27.71
- Florida Class C Office Space$22.62
Sarasota City, FL Office Asking Rents by Class
Average office rent in Sarasota City rested at $31.86 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Sarasota City averaged $33.29 per square foot. Across all submarkets, class B office space recorded an average asking rent of $28.34 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $27.83 per square foot, on average. Comparably, statewide Florida average office rents by class in 2024 were: $40.20 per square foot for class A office space; $27.71 per square foot for class B office space; $22.62 per square foot for class C office space.
2024 Office Vacancy Rates in Sarasota City
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Sarasota | $32.35 | 8.50% |
| South Manatee County | $27.00 | 20.76% |
| Outlying Sarasota County | $25.48 | 26.86% |
| Bradenton | $17.32 | 8.44% |
Office Spaces for Rent in Florida
- Tampa Office Space
- Orlando Office Space
- St. Petersburg Office Space
- Gainesville Office Space
- Lakeland Office Space
- Town 'n' Country Office Space
- Clearwater Office Space
- Clermont Office Space
- Greater Carrollwood Office Space
- Palm Harbor Office Space
- Spring Hill Office Space
- Temple Terrace Office Space
- Oldsmar Office Space
Coworking Spaces in Florida
- Houston Coworking Space
- Atlanta Coworking Space
- Dallas Coworking Space
- Miami Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Jacksonville Coworking Space
- Tampa Coworking Space
- Raleigh Coworking Space
- Orlando Coworking Space
- Boca Raton Coworking Space
- Birmingham Coworking Space
- Fort Lauderdale Coworking Space
- New Orleans Coworking Space
- Durham Coworking Space
- West Palm Beach Coworking Space
- Alpharetta Coworking Space
- Memphis Coworking Space
- Miami Beach Coworking Space
- Chattanooga Coworking Space
2024 Office Construction in Sarasota City, FL
- Sarasota City, FL Total SF under construction in 2025 80,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| First Floor Medical Space Close to SMH | 2068 Hawthorne Street, 34239 | 11,168 | 2010 |
| Retail Space for Lease in Popular Rosemary District | 419 Central Ave # 104, 34236 | 718 | 2008 |
| Luxury Office and Warehouse For Lease - Downtown Sarasota | 1074 N Orange Ave, 34236 | 30,331 | 2007 |
| HARD TO FIND OFFICE CONDO IN DOWNTOWN SARASOTA! | 505 S. Orange Ave., Ste.'s C1 & C2, 34236 | 3,863 | 2007 |
| Foundation Park | 2639 Fruitville Road Suite 303, 34237 | 1,476 | 2007 |
| 234 N Rhodes Ave Ste 107 | 234 N Rhodes Ave Ste 107, 34237 | 1,017 | 2007 |
| UPSCALE PROFESSIONAL EXECUTIVE OFFICES! | 1990 Main St., Ste. 725, 34236 | 294,405 | 2005 |
| 1348 Fruitville Rd | 1348 Fruitville Road #301, 34236 | 19,540 | 2005 |
| Courthouse Centre | 1990 Main Street, 34236 | 93,756 | 2004 |
| 1517 State Street | 1517 State St, 34236 | 14,352 | 2004 |
Worth noting among recent office completions on the Sarasota City market is First Floor Medical Space Close to SMH, which is currently the largest new office development in the city, at 11,168 square feet.
See reports for other markets
- Jacksonville Office Rent Price
- Miami Office Rent Price
- Tampa Office Rent Price
- Orlando Office Rent Price
- Fort Lauderdale Office Rent Price
- St. Petersburg Office Rent Price
- Boca Raton Office Rent Price
- Doral Office Rent Price
- Fort Myers Office Rent Price
- West Palm Beach Office Rent Price
- Melbourne Office Rent Price
- Lake Mary Office Rent Price
- Pensacola Office Rent Price
- Maitland Office Rent Price
- Winter Park Office Rent Price
- Hollywood Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Sarasota City commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.