On average, listings lease in the $70's per square foot per year. The South Beach submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Bay Area market, the South Beach submarket has greater rates, and you'll have to negotiate above asking rent 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 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 1,760 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market 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 market. Most of the occupants 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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