On average, listings lease in the $10's per square foot per year. The Wilton Manors submarket is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 32% decrease in rent.
Compared to the rest of the Gold Coast market, the Wilton Manors region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 13 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 38% of the office spaces in the Wilton Manors are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 850 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region were built in 1961 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 area. Commute by motorcycle is the most popular way to get to work amongst Wilton Manors residents. Commuting more than an hour and a half 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 Wilton Manors.
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