On average, listings lease in the $30's per square foot per year. The Little Havana region is seeing a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Gold Coast market, the Little Havana submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 443 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 1968 and are Class B.
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 area. Commute by walking is the most popular way to get to work amongst Little Havana occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.