The typical asking rate per listing is in the $30's per square foot per year. The Palmetto Bay submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Gold Coast market, the Palmetto Bay region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 18 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Palmetto Bay are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, 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 region are around 2 floors. 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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