On average, listings lease in the $100's per square foot per year. The South Beach submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Bay Area market, the South Beach 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, 12 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the South Beach are subleases, so you might be able to snag a great spot on a short term. 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 4,950 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1920 and are Class C.
A large portion of this market 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.