The typical asking rate per listing is in the $10's per square foot per year. The Allapattah submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $44 per sqft per year. That's a 73% decline in rent.
Compared to the rest of the Gold Coast market, the Allapattah submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,140 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 6 floors. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Allapattah folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.