Wynwood-Edgewater Industrial

Wynwood-Edgewater

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
1,060
As of: August 19, 2017

Wynwood-Edgewater Rates

On average, listings lease in the $40's per square foot per year. The Wynwood-Edgewater region is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% rise in rent.

Compared to the rest of the Gold Coast market, the Wynwood-Edgewater submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Wynwood-Edgewater Listing Supply

In the last 90 days, 5 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 220% of the available space in the Wynwood-Edgewater 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,060 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1968 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 region. Commute by car is the most popular way to get to work amongst Wynwood-Edgewater occupants. 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