South Beach Industrial

South Beach

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$106
Median Size (sqft)
3,350
As of: January 19, 2017

South Beach Rates

Most listings are in the $100's per square foot per year. The South Beach submarket is going through a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Bay Area market, the South Beach region has higher rates, and you'll need to pay a premium to be in this hot region.

South Beach Listing Supply

In the last 90 days, 15 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the listings in the South Beach 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,350 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1920 and are Class B.

South Beach Community

A large portion of this market 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.

Market Report

Trends and status of the commercial real estate market in South Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Beach.
Research