On average, listings lease in the $60's per square foot per year. The Wynwood-Edgewater region is going through a a boost in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a 58% increase in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 118 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available space in the Wynwood-Edgewater 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.
The standard measurement for office space in this area is around 550 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Wynwood-Edgewater.
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