The typical asking rate per listing is in the $30's per square foot per year. The Kendall submarket is going through 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 submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 300 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,650 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Kendall occupants. 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 Kendall.
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