Sarasota City Office Rent Price & Sales Report

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%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Sarasota City market was 7.89% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Sarasota City was 8.44% in the Bradenton submarket, while the highest office vacancy in the market was 26.86%, recorded in Outlying Sarasota County.

Office Spaces for Rent in Florida

Coworking Spaces in Florida

2024 Office Construction in Sarasota City, FL

  • Sarasota City, FL Total SF under construction in 2025 80,000
Largest Office Properties Recently Completed in Sarasota City
Office building Address SF Completed
202 Rhodes Ave Unit 103 202 Rhodes Ave Unit 103, 34237 4,632 2007
Courthouse Centre 1990 Main St, 34236 294,405 2005
1626 Ringling Blvd 1626 Ringling Blvd, 34236 107,595 2005
Sarasota Premier Professional Building 2426 S Tamiami Trl, 34239 9,991 2003
1970 Golf St 1970 Golf St, 34236 19,500 2002
1970 Golf St 1970 Golf St, 34236 19,500 2002
22 S Links Ave 22 S Links Ave, 34236 22,834 1999
Waldemere Medical Plaza 1921 Waldemere Street, 34239 148,961 1990
2155 Main St 2155 Main St, 34237 2,500 1990
Sarasota City Center 1819 Main Street, 34236 247,891 1989

Worth noting among recent office completions on the Sarasota City market is 202 Rhodes Ave Unit 103, which is currently the largest new office development in the city, at 4,632 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.