Most listings are in the $70's per square foot per year. The Wynwood Tower submarket is going through a decrease in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Gold Coast market, the Wynwood Tower 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, 9 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 56% of the office spaces in the Wynwood Tower 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 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 400 sqft. Most buildings in this market were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Wynwood Tower occupants. Commuting between 30 and 45 minutes 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 Wynwood Tower.
Get email notifications when new listings are posted that match your requirements.