The typical asking rate per listing is in the $80's per square foot per year. The South Beach region is experiencing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Bay Area market, the South Beach region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 360 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the South Beach are subleases, so you will probably have to consider a longer term 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 2,360 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1922 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Most of the residents of South Beach work from home. 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 South Beach.
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