On average, listings lease in the $30's per square foot per year. The Palmetto Bay region is seeing a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Gold Coast market, the Palmetto Bay submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been made available, which means new availabilities 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 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 buildings in this region are approximately 2 floors. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Palmetto Bay occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.