Wynwood-Edgewater Industrial

Wynwood-Edgewater

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
2,420
As of: December 10, 2016

Wynwood-Edgewater Rates

On average, listings lease in the $40's per square foot per year. The Wynwood-Edgewater region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Gold Coast market, the Wynwood-Edgewater region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Wynwood-Edgewater Listing Supply

In the last 90 days, 22 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the available space in the Wynwood-Edgewater are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,420 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1972 and are Class B.

Wynwood-Edgewater Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater folk. Commuting around an hour 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 Wynwood-Edgewater.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Wynwood-Edgewater.
Research