Most listings are in the $30's per square foot per year. The Palmetto Bay submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Gold Coast market, the Palmetto Bay submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 18 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Palmetto Bay are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,930 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1981 and are Class B.
Real time and historical data on commercial real estate listings in Palmetto Bay.
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