On average, listings lease in the $30's per square foot per year. The Flagler Heights submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 28% rise in rent.
Compared to the rest of the Gold Coast market, the Flagler Heights region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 73% of the available space in the Flagler Heights 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 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 2,280 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1965 and are Class A.
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 area. Most of the residents of Flagler Heights work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.