Most listings are in the $50's per square foot per year. The Wynwood-Edgewater region is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the Gold Coast market, the Wynwood-Edgewater region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 15% of the office spaces in the Wynwood-Edgewater 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,810 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1972 and are Class B.
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 residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.