On average, listings lease in the $30's per square foot per year. The Palmetto Bay region is experiencing a an increase in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Gold Coast market, the Palmetto Bay submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 1,930 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1981 and are Class B.