The typical asking rate per listing is in the $30's per square foot per year. The Kendall submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Gold Coast market, the Kendall region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 300 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the Kendall 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.
Even though the median size is 3,650 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1985 and are Class B.
Real time and historical data on commercial real estate listings in Kendall.
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